Eni launches the offer to buy back the bond … – Reuters

Eni launches the offer for the repurchase of convertible bonds into shares of Galp Energia

          

Eni SpA (“Eni” or the ” Company “) invites bondholders (the” Noteholders “) of its offering of € 1.028.100.000, with an annual coupon of 0.25% payable annually, due 2015, convertible into ordinary shares entirely paid a nominal value of € 1 each. of Galp Energia SGPS, SA, in circulation (the “Notes”) to offer to sell their Bonds in favor of Eni against payment in cash. The sale price will be determined in accordance with a procedure for competitive bidding (known as Modified Dutch Auction) (l ‘”Invitation”). The Invitation was approved May 27, 2015 by the Board of Directors of Eni. The Invitation is made in the context of the active management of its offering of € 1.028.100.000, 0.25%, convertible into shares of Galp Energia SGPS, SA, maturing in November 2015. Deutsche Bank AG, London Branch, Mediobanca – Banca di Credito Finanziario SpA, Morgan Stanley & amp; Co. International plc and UBS Limited intervene as Joint Dealer Managers (the “Joint Dealer Managers”) in relation all’Invitation. Morgan Stanley & amp; Co. International plc will act also as Settlement Agent for the all’Invitation.

(RV)