Thursday, February 26, 2015

The Treasury sells 5.7% of Enel and receives 2.2 billion. The title opens in … – Il Sole 24 Ore

The Treasury sells 5.7% of Enel and receives 2.2 billion. The title opens in … – Il Sole 24 Ore

History Article

Close

This article was published on February 25, 2015 at 19:02.
The last change is the February 26, 2015 at 09:22.

The Treasury has finalized the sale of a stake of 5.7% of Enel, corrispondentio about 540 million shares. A pool of four banks, Goldman Sachs, Bofa Merrill Lynch, Mediobanca and Unicredit, has been selected to carry the operation through a bookbulding accelerated, or the choice of a rose qualified investors willing to buy the stock at a certain price.

The sale was launched yesterday evening and ended this morning. Banks have contacted the major American and European investors by offering a range of selling price which may not be less than 4 euro, because this is the minimum fixed by the Ministry of Economy. The consideration for the sale, it said in a note from the Treasury, amounted to approximately € 2.2 billion.

Enel’s share holding to the Ministry of Economy has fallen from 31.2 percent to 25,54 percent.



Permalink

LikeTweet

No comments:

Post a Comment