Eni’s sale of Saipem stake gets European Commission clearance

Saipem

Eni: sale of a stake in Saipem, the antitrust condition precedent has been satisfied after the clearance of the European Commission

Reference is made to the sale by Eni S.p.A. (“Eni”) to Fondo Strategico Italiano S.p.A. of a stake in Saipem S.p.A., consisting of 55,176,364 ordinary shares that correspond to 12.5% of Saipem’s share capital plus one share (the “Transaction”), which was announced on 28 October 2015. Eni announces that, as the European Commission has published its authorisation for the Transaction following the positive outcome of the antitrust procedure on the control of concentrations, one of the conditions precedent to the closing of the Transaction has been satisfied.

(Eni Press Release)

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