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CET 09:10

Eni completes the acquisition of Distrigas

As a result of this squeeze-out, terminated on 4 May 2009, Eni acquires full control over Distrigas.


San Donato Milanese (Milan), 6 May 2009 – Today Eni S.p.A. ("Eni"), through its 100% controlled subsidiary Eni Gas & Power Belgium SA ("Eni Belgium"), announced the results of the squeeze-out, which started on 9 April 2009 and terminated on 4 May 2009, by Eni Belgium on all the shares not yet owned in Distrigas NV ("Distrigas"). As a result of this squeeze-out, Eni acquires full control over Distrigas.

In accordance with Articles 42, 43 and 57 of the Belgian Royal Decree of 27 April 2007 relating to public takeover bids, Distrigas shares that have not been tendered to Eni Belgium at the end of the squeeze-out acceptance period (with the exception of the Golden Share owned by the Belgian State) will be deemed to have been transferred as of right to Eni Belgium as of that date. Subsequently, the Distrigas shares have been delisted from Euronext Brussels as from 5 May 2009.

The consideration offered per Distrigas share under the squeeze-out consisted of an amount of €6,809.64 in cash and one Certificate (together, the "Consideration").
On 11 May 2009, the cash component of the Consideration will be paid and the Certificates will be delivered to the shareholders who have validly accepted the squeeze-out bid.

Fortis Bank acted as receiving and paying agent for the squeeze-out.


Company Contacts:

Press Office: Tel. +39.0252031875 – +39.065982398
Freephone for shareholders (from Italy): 800940924
Freephone for shareholders (from abroad): +39. 800 11 22 34 56
: +39-0659821  

Web site:

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  • As a result of this squeeze-out, terminated on 4 May 2009, Eni acquires full control over Distrigas

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Last updated on 06/05/09 at 09:10