Bloomberg News

Eni Sells TAG Stake to Italian State Lender CDP

By Jerrold Colten and Armorel Kenna
June 10, 2011

June 10 (Bloomberg) -- Eni SpA said in a statement today that it sold its 89 percent stake in the TAG pipeline to Italian state lender Cassa Depositi e Prestiti SpA.

The deal includes a 483 million-euro payment and “financing reimbursements” of 192 million euros, according to the statement.

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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