Eni Completes Plenitude Shareholding, Governance Reorganization

By Reuters News

Oct 1 (Reuters) - Eni SpA ENI.MI:

  • COMPLETES PLENITUDE SHAREHOLDING AND GOVERNANCE REORGANIZATION

  • TRANSACTION WAS IMPLEMENTED THROUGH A NON-PROPORTIONAL CAPITAL INCREASE OF €1.56 BILLION, SUBSCRIBED BY ARES FOR €1.08 BILLION, BY ENI FOR €0.48 BILLION

  • NEW GOVERNANCE FRAMEWORK RESULTS IN DECONSOLIDATION OF COMPANY FROM ENI’S CONSOLIDATED FINANCIAL STATEMENTS

  • PLENITUDE’S NEW BOARD OF DIRECTORS WILL CONSIST OF NINE MEMBERS, FIVE OF WHOM WILL BE APPOINTED BY ENI

Further company coverage: ENI.MI

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