© Reuters. Stock markets on the rise, focus on Eni in Piazza Affari after rumors about the sale of 4%
Green start for the European stock markets, positive start for the Eni stock (BIT:) after the rumors about the possible placement of 4% of the share package by the Ministry of Finance
In the last session of the week, which coincides with the closing of the World Economic Forum in Davos, European stock markets start with a plus sign. The Milan index opens up by 0.4% together with Frankfurt and Paris. It dropped slightly to 156 basis points, while the yield on the ten-year bond fell to 3.89%.
ENI, RUMORS ON THE SALE OF 4%
In Piazza Affari, all eyes are on Eni, which opens up by 0.7%, following rumors relaunched by Bloomberg on the possibility that the government will sell up to 4% of the oil company. The operation could take place after the conclusion of the share buy back plan that Eni expects to complete by April with the aim of reducing the debt. At the moment since Ministry of Finance no comments have arrived. Furthermore, the Italian government is also involved with other dossiers of investee companies, such as Tim (BIT:) e Raiway. Banca Popolare di Sondrio (BIT:) should also be kept under control, with the rumors about the possible entry into the share package of a large American bank…
** This article was written by FinanciaLounge