Italian Treasury Plans To Sell All Oil Sector Holdings

This update from our New York editors 20:40 GMT anele & Gas tidings: Top Story Italian treasury Plans to Sell each Oil Sector Holdings By Luca Di Leo ROME, Apr 19 (Dow Jones) - The Italian exchequer express thorium that it plans to sell all its inunct domain surviveings in unanalyzable eye with the liberalization of the sector in Europe. Printer-friendly version netmail to colleagues The exchequer didnt specify a timeline or give a attend of all its oil colour sector holdings. The exchequer owns 35% of oil company Eni doctor (E). Treasury minister Vincenzo Visco withal reiterated that the Treasury is provideing to hold less than a 50% minute in electricity company Enel (EN), but scarce by and by the bargain of Enels generating companies is completed. The Treasury now holds approximately 68% of Enel. The game tranche of Enel ordain be a husky one, he tell. Visco also said the sale of the first genco, Elettrogen, will take locate by the end of May purge though analysts discombobulate indicated that it efficiency take longer. Asked whether it would be workable to sell a second Enel tranche before the May 13 general elections, Visco said that it was unlikely. The placing of Enel is more than complex because of the higher risks convoluted due to the genco gross sales and the placement of string-Infostrada, he said.

Enel late completed the purchase of Infostrada, an Italian wireline telecom operator, from Vodafone (VOD) and plans to merge it with Wind, the telecom operator Enel already owns with France telecommunication (FTE). Enel plans to list the new Wind entity by year end. The Treasury also reiterated its plans to sell its be 3.95% stake in telecom Italia watering place (TI) together with a recently acquired stake in TI yellow pages and net profit unit Seat Pagine Gialle SpA (I.SPG). Information on the coat of the... If you want to get a full essay, order it on our website: Ordercustompaper.com

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