Reuters logo
Eni launches sale of 7 pct stake in Galp Energia
March 27, 2014 / 5:26 PM / 4 years ago

Eni launches sale of 7 pct stake in Galp Energia

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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below