Eni launches sale of 7 pct stake in Galp Energia
MILAN, March 27
MILAN, March 27 (Reuters) - Italy's Eni on Thursday launched the sale of a seven percent stake in Portuguese utility Galp Energia as the oil and gas major presses ahead with plans to offload non-core assets and raise cash.
The stake is worth around 670 million euros ($920.54 million) at current market prices, according to Reuters calculations. Following the sale, Eni will hold around 9 percent of Galp's share capital, it said. ($1 = 0.7278 Euros) (Reporting by Oleg Vukmanovic; Editing by Lisa Jucca)