ENI Starts Sale Of 10% Of Saipem Share Capital; Shares To Be Placed Are Not Among Those Covered By Existing Shareholders' Agreement Between ENI And CDP
Portfolio Pulse from Benzinga Newsdesk
ENI has initiated the sale of 10% of Saipem's share capital. The shares being sold are not part of the existing shareholders' agreement between ENI and CDP.
June 11, 2024 | 4:07 pm
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NEGATIVE IMPACT
ENI has started selling 10% of Saipem's share capital. These shares are not part of the existing shareholders' agreement with CDP.
The sale of a significant portion of Saipem's share capital by ENI could lead to a short-term decrease in ENI's stock price due to potential market concerns about the reasons behind the sale and its impact on ENI's financials.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80