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Eni SpA To Sell Stake In Snam SpA-Reuters


Wednesday, 8 May 2013 02:53pm EDT 

Reuters reported that Eni SpA will sell an 11.7% stake in Snam SpA worth around EUR1.5 billion ($1.98 billion) at market prices. Eni said, at the end of the sale it would own a 8.54% stake in Snam linked to a EUR1.25 billion convertible bond it placed in January 2013. 

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