Not for publication, distribution, directly or indirectly, in the United States, Canada, Australia and Japan or to US persons.
Eni completes the sale of another 5% of Snam’s share capital
San Donato Milanese (Milan), 18 July 2012 – Eni S.p.A. (“Eni”) announces that it has concluded the sale of 178,559,406 shares equal to 5% of share capital of Snam S.p.A (“Snam”), corresponding to 5.28% of the voting shares.
The total consideration amounted to 612.5 million euro. The deal, carried out through an accelerated bookbuilding procedure aimed at Italian and foreign institutional investors, closed at a final assignment price of 3.43 euro per share and will be settled by delivery of shares and payment of the consideration on 23 July 2012.
Eni has engaged Goldman Sachs as Sole Bookrunner for the transaction.
DISCLAIMER: It may be unlawful to distribute this announcement in certain jurisdictions. These written materials are not for distribution in the United States, Canada, Australia or Japan. The information contained herein does not constitute an offer of securities for sale in the United States, Canada, Australia or Japan. This announcement does not constitute or form part of an offer to sell or the solicitation of an offer to buy the securities discussed herein. The securities mentioned herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to or for the account or benefit of US persons absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offer of the securities mentioned herein in the United States.