Live Chat

Italy’s Treasury raised €1.4bn after selling a 2.8% stake in energy group Eni

Italy’s Treasury sells 2.8% stake in energy group Eni

Italy's Treasury divested a 2.8% stake in the energy giant Eni on Wednesday, pocketing approximately €1.4 billion ($1.52 billion) to strengthen the nation's strained public finances.

The shares were sold via an accelerated book-building process (ABB) at €14.855 each, representing a 1.7% discount on Eni stock’s closing price that day, according to a statement from the Treasury.

Reuters reported that the discount applied is very limited compared with other similar deals, according to a source familiar with the matter.

This sale reduces the Treasury's direct holding in Eni to 2% from 4.8%, though the government's control remains strong with a combined stake of over 30% — including a 28.5% share held by state-owned Cassa Depositi e Prestiti (CDP).

Choose your points of movement

Сalculate your hypothetical P/L (aggregated cost and charges) if you had opened a trade today.

Market

Shares Search
Shares
Index
Commodity
Bonds
Crypto
ETFs
Currency

Instrument

Search
Clear input
Occidental
Prosus N.V.
Porsche AG
Hermes
CAT
Thermo Fisher
Nikola Corporation
Tilray
Shell plc (LSE)
Skillz Inc
Iberdrola
DeltaAir
CrowdStrike Holdings
Golar LNG
Applied Materials
Snowflake
Royal Bank Canada
Amazon.com
Spotify
Exxon Mobil
CCB (Asia)
McDonald's
Campari
GameStop
Netflix
ON Semiconductor
Costco
Dave & Buster's
Delivery Hero SE
LUCID
Continental
Zoom Video Communications
Schlumberger
Virgin Galactic
Upwork Inc.
Cameco
JP Morgan
Fuelcell
Rivian Automotive
XPeng Inc
Wal-Mart Stores
Trade Desk
Blackstone
Vodafone
Aptiv PLC
L'Oreal
Target
Rio Tinto
Sartorius AG
British American Tobacco
Qorvo
ASOS
Cisco Systems
Nel ASA
Arista
Airbus
Apple
Pfizer
AMC Entertainment Holdings
ASML
Hubspot
Teladoc
Starbucks
SMCI
Canopy Growth
Wish.com Inc
Lockheed Martin
ProSiebenSat.1
IAG
AbbVie
Marston's
Baidu
Teleperformance
Norwegian Air Shuttle
Airbus Group SE
HSBC HK
Block
Annaly Capital
Abbott
LVMH
American Express
Novavax
GoPro
Siemens
Total
SIG
Pinterest Inc
Taiwan Semi
Etsy
Amgen
SONY
3D Systems
UPS
BlackBerry
Gen Digital Inc
Xiaomi
Quanta Services
Unity Software
NVIDIA
Anglo American
Palantir Technologies Inc
Fresnillo
Deere
Rolls-Royce
Porsche
Uber
Vir Biotechnology
American Airlines
ROBLOX Corp
Macy's
FirstRand
easyJet
DISNEY
Aurora Cannabis Inc
BP
Adidas
Boeing Co
Vonovia
Coca-Cola Co (NYSE)
Home Depot
General Electric
Coinbase Inc
ALIBABA HK
Philip Morris
General Motors
PayPal
UniCredit
II-VI
BASF
Kraft Heinz
Alphabet (Google)
Palo Alto Networks
Plug Power
Li Auto
Oracle
Roku Inc
UiPath Inc
Upstart Holdings Inc
F5 Networks
Infinera
Inditex
ZIM Integrated Shipping Services Ltd
Deutsche Bank
Hammerson
IBM
JD.com
Barrick Gold
Lemonade
MerckCo USA
Infosys
Invesco Mortgage
Comcast
Santander
Accenture
Anheuser-Busch Inbev
Visa
Mastercard
T-Mobile
SAP
Wayfair
Beyond Meat
Kuaishou
CarMax
Tesla
Lyft
Medtronic
Adobe
Morgan Stanley
Workday Inc
Blackrock
Vipshop
Meta (Formerly Facebook)
Linde PLC
Micron
Lululemon
Ceconomy
Chipotle
Gilead
Naspers
Bristol Myers
The Cheesecake Factory
Glencore plc
British American Tobacco
ChargePoint Holdings Inc
Twilio
Intel
Lloyds
CNOOC
Electrolux
Wells Fargo
Sea
PG&E
Fedex
Citigroup
Peloton Interactive Inc.
eBay
Microsoft
JnJ
Bilibili Inc
Trump Media & Technology Group
AIA
Nasdaq
Air France-KLM
Allianz
Lithium Americas Corp
Procter & Gamble
Qualcomm
AMD
New Oriental
MercadoLibre.com
Mondelez
Lumentum Holdings
Two Harbors Investment aration
AstraZeneca
Norwegian Cruise Line
Unilever
GoHealth
PepsiCo
Barclays
PETROCHINA
Goldman Sachs
Eli Lilly
HSBC
Cellnex
Berkshire Hathaway
Jumia Technologies
HDFC Bank
RTX Corp
Bayer
Bank of America
Chevron
ADT
DoorDash
Marriott
Nike
AT&T
GSX Techedu
Robinhood
Telecom Italia
Deliveroo Holdings
TUI
Freeport McMoRan
Toyota
BioNTech
Airbnb Inc
Alibaba
Verizon
Nio
Eni
Ford
Volkswagen
UnitedHealth
Shopify
China Life
Snap
Christian Dior
Conoco Phillips
Lufthansa
Tencent
Moderna Inc
Salesforce.com
Broadcom
Diageo
Toro
Cinemark

Account Type

Direction

Quantity

Amount must be equal or higher than

Amount should be less than

Amount should be a multiple of the minimum lots increment

USD Down
$-

Value

$-

Commission

$-

Spread

-

Leverage

-

Conversion Fee

$-

Required Margin

$-

Overnight Swaps

$-
Start Trading

Past performance is not a reliable indicator of future results.

All positions on instruments denominated in a currency that is different from your account currency, will be subject to a conversion fee at the position exit as well.

Rome commits not to sell more Eni stock for 90 days

The deal includes a stipulation that Rome will not sell additional Eni shares on the market for 90 days without approval from the deal’s global coordinators — Goldman Sachs, Jefferies, and UBS Europe.

The possibility of the Eni stake sale was first hinted at by Economy Minister Giancarlo Giorgetti in November, confirming earlier reports by Reuters.

At the time of writing on May 16, Eni shares on the Milan stock exchange were down 2.61%, trading around the €14.72 mark. Year-to-date, Eni stock is down 4.1%.

Oil prices edged up slightly on Thursday, with the continuous contract for Brent crude on ICE Futures Europe trading at $82.98 (up 0.28%) and a similar contract for U.S. benchmark West Texas Intermediate (WTI) trading at $78.39 (up 0.29%).

Italian public debt expected to climb to 139.8% of GDP in 2026

Italian public debt expected to climb to 139.8% of GDP in 2026

Italy’s public debt, the second highest in the eurozone relative to GDP, is expected to climb to 139.8% in 2026 from 137.3% in 2023, with a slight reduction projected for 2027, as per the latest Treasury forecasts from April.

These projections include anticipated revenues from asset sales expected to near 1% of GDP by 2027.

As Italy transitions away from pandemic-induced fiscal expansion, asset sales are becoming increasingly critical. This shift comes ahead of the European Union’s planned enforcement of stricter budget regulations under the revised Stability and Growth Pact next year.

Italy’s Treasury has also liquidated a 37.5% stake in Monte dei Paschi di Siena, raising about 1.6 billion euros, and plans to sell part or all of its 29.3% direct stake in Poste Italiane, while maintaining control of the postal service provider through an additional 35% held by CDP.


When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.

Latest news

Thursday, 31 October 2024

Indices

Intel stock price jumps 7% on positive outlook despite Q3 losses

Thursday, 31 October 2024

Indices

Crypto market surges: Bitcoin ETF inflows reached $870 million

US Election 2024, Harris vs Trump

Thursday, 31 October 2024

Indices

Week ahead: Trump vs Harris US Election Showdown

Bank of England and Union Jack flag

Thursday, 31 October 2024

Indices

UK Budget Fallout: Economic Growth, Debt, and Market Reactions

Live Chat