CashNews.co
Global law firm White & Case LLP has advised the Italian Ministry of Economy and Finance on the sale of 91,965,735 ordinary shares of Eni S.p.A., equating to approximately 2.8 percent of the share capital, by means of an accelerated book-building reserved to qualified investors in Italy and institutional investors outside of Italy.
The price per share is equal to €14.855, with the total amount equal to approximately €1.4 billion. Following the transaction, the stake in Eni S.p.A. held by the Ministry of Economy and Finance will decrease from approximately 4.8 percent to approximately 2.0 percent of the share capital.
Goldman Sachs International, Jefferies and UBS Europe SE acted as joint global coordinators and joint bookrunners.
The White & Case team that advised on the transaction included partners Domenico Fanuele (Milan) and Michael Immordino (London & Milan), local partner Alessandro Picchi (Milan) and associate Camilla Zanetti (Milan).
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