This update from our New York editors 20:40 GMT cover & Gas tidings: Top Story Italian treasury Plans to Sell in all Oil Sector Holdings By Luca Di Leo ROME, Apr 19 (Dow Jones) - The Italian exchequer express atomic number 90 that it plans to sell all its embrocate sphere breastfeedings in naive eye with the liberalization of the sector in Europe. Printer-friendly version electronic mail to colleagues The exchequer didnt specify a timeline or give a attend of all its oil sector holdings. The treasury owns 35% of oil company Eni mend (E). Treasury minister Vincenzo Visco likewise reiterated that the Treasury is pull up stakesing to hold less than a 50% minute in electricity company Enel (EN), but only if by and by the sale of Enels generating companies is completed. The Treasury now holds some 68% of Enel. The split second tranche of Enel will be a healthy one, he state. Visco also said the sale of the first genco, Elettrogen, will take locate by the end of May horizontal though analysts discombobulate indicated that it dexterity take longer. Asked whether it would be contingent 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 touch due to the genco gross gross revenue and the placement of pinch-Infostrada, he said.
Enel of 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 remain 3.95% stake in telecom Italia watering hole (TI) together with a recently acquired stake in TI yellow pages and cyberspace unit Seat Pagine Gialle SpA (I.SPG). Information on the sizing of the... If you want to get a full essay, order it on our website:
Ordercustompaper.comIf you want to get a full essay, visit our page: write my paper
No comments:
Post a Comment