Eni (E) to Divest $1.52B Stake to Help Reduce Italy's Debt

Eni SpA (E) is seeing a €1.4-billion ($1.52 billion) stake sold by Italy as part of the nation's broader strategy to reduce its substantial debt, per a Bloomberg report. The sale involves 2.8% of Eni's shares and is being conducted through an accelerated book building process. Under the leadership of prime minister Giorgia Meloni, the Italian government has embarked on an ambitious plan to divest around €20 billion worth of state-held assets by 2026. The extensive privatization strategy includes stakes in o ...