Update on discussions between Eni and Publigaz
Posted on June 26, 2008 – 6:51 pm | by vchris
Eni confirms that it has signed a non-binding term sheet with Publigaz.
San Donato Milanese (Milan), 26 June 2008 – Following Eni’s announcement of 29 May 2008 in relation to its proposed acquisition from Suez-Tractebel S.A. of a 57.243% interest in Distrigaz S.A. / Distrigas N.V. (”Distrigaz”), Eni confirms that it has signed a non-binding term sheet with Publigaz S.C.R.L. / Publigas C.V.B.A. (”Publigaz”), which owns a 31.25% interest in Distrigaz, in connection with the possible relationship between the parties in their capacity as reference shareholders of Distrigaz.
Eni and Publigaz are now in exclusive discussions with a view to signing, within a limited period of time, definitive documentation that will be binding and would include the waiver of Publigaz’s pre-emption right in respect of the 57.243% interest in Distrigaz and arrangements in relation to general corporate governance.
Company contacts:
Press Office: +39 02.52031875 – 06.5982398
Free number for shareholders : 800940924
Switchboard : +39-0659821
ufficio.stampa@eni.it
segreteriasocietaria.azionisti@eni.it
investor.relations@eni.it
Website : www.eni.it
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