Milan plans utility listing

Article Abstract:

The Italian government have plans to privatise several companies during 1998, although Ente Nazionale per l'Energia Elettrica will not be privatised until 1999. The government intend to sell around 12% of its share of Ente Nazionale Idrocarburi S.p.A., reducing its interest in the company to below 40%. The authorities, in Milan, Italy, are hopeful their plans to float their gas and electric utility, AEM, will go ahead. The city intends to retain a 51% share of the company although it may be further reduced in the future.

Utilities, Security brokers and dealers, Securities Brokerage, ELECTRIC, GAS, AND SANITARY SERVICES, Electric & Gas Utilities, Securities Trading, Commercial Energy, Planning, Gas utilities, Securities industry, Energy industries, Power resources, Energy industry, Privatization, Privatization (Business), Milan, Italy, AEM (Italy)

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Oil major for market

Article Abstract:

Ente Nazionale Idrocarburi (ENI) will be privatized with an initial tranche of between 10% and 15% to be offered in fall 1995. ENI has one shareholder, which is the Italian Treasury. The Treasury thus stands to benefit from the sale of ENI. Foreign investors are interested in acquiring a stake in the company which has improved its results through restructuring, in addition to benefiting from better economic conditions. There is a sole legal obstacle relating to the company's hydrocarbon rights in Italy's Po Valley.

Natural Gas, Crude Petroleum and Natural Gas Extraction

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Communist opposition

Article Abstract:

Uner the new leadership of the Democratic Left Party in Italy, the privatisation of petrolem company ENI and electricity company ENEL is becoming less likely. The PRC (Partito Rifondazione Comunista), whose members may be a part of the new government, is anti-privatisation. Due to the new political climate, the proposed sales of toll highway operator Autostrade and the Aeroporti di Roma have by IRI have been stalled possibly for another year.

Italy, Asset sales & divestitures, Securities issued, listed, Bridge, Tunnel, Tpke Auth, Other Support Activities for Road Transportation, Airports, flying fields, & services, Airports, Airport Operations, Inspection & fixed facilities, Mergers, acquisitions and divestments, Transportation authorities, Aeroporti di Roma Societa per la Gestione del Sistema Aeroportuale della Capitale, Concessioni e Construzioni Autostrade S.p.A.

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