Italy plans to sell 3rd ENI tranche by autumn

Mar 12, 1997 01:00 AM

Mar. 4, 1997 Italian Treasury Minister Carlo Azeglio Ciampi said the sale of a third tranche in state-controlled energy group ENI will take place by this autumn. "I confirm that sometime in autumn this year there will be the placing of a third ENI tranche," Ciampi said, addressing the public works commission of the upper house Senate.
The Treasury sold a second tranche of shares in ENI in November 1996 bringing its stake in the group down to 69 %. An initial 15 % stake was placed on the market in November 1995.

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