Eni stake sale by Italian government on hold due to market conditions
The Italian government is to put on hold the sale of a stake in listed Italian petroleum group, Italian-language daily Milano Finanza reported.
The report cited Prime Minister Matteo Renzi who said that the sale of a stake with the present market conditions would not give a sufficient return.
As previously, the Italian government is looking to sell a 4-4.5% stake in Eni through a share placement.
Eni has a market cap of EUR 52.1bn
Source Milano Finanza daily edition