Rome

Govt not planning to sell stakes in ENI, ENEL

Holdings in energy giants 'strategic' says Grilli

Govt not planning to sell stakes in ENI, ENEL

(ANSA) - Rome, October 3 - The Italian State's stakes in energy giants ENI and ENEL are not among the assets the government is thinking of selling to improve the public finances and cut the nation's massive debt, Economy Minister Vittorio Grilli told the House on Wednesday. "The stakes in ENI and ENEL are strategic, they are linked to our energy supplies," Grilli said. "This is not the type of divestment we are thinking of". The Italian government owns a 30.3% golden share in ENI. The economy ministry owns 13.9% of ENEL while another 17.4% stake is in the hands of the State-run bank Cassa Depositi e Prestiti. Grilli said that in the coming months measures would be put into place to better exploit state assets and sell others, including properties and shareholdings.

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