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The Italian government is reportedly planning the sale of up to 4% of Eni Spa, after the oil company has completed the buy back plan, expiring in April, so as to be able to collect around two billion euros and reduce the debt. This is what the Bloomberg news agency reports, citing sources close to the matter. Eni’s management, in one of the latest conference calls, announced that it wanted to bring forward the closing of the purchase of treasury shares with respect to the April 2024 deadline. No comment from the Ministry of Finance.
Privatizations of around 1% of GDP (20 billion euros) by 2026 to reduce the enormous Italian public debt are one of Nadef’s multi-year objectives. On January 17 at the World Economic Forum in Davos, the Minister of Economy Giancarlo Giorgetti explained that he had spoken about the sale of some shareholdings with foreign funds. The Ministry of Economy and Finance holds a 4.7% stake in Eni, while Cassa Depositi e Prestiti holds 27.7 percent.