ENI SETS PUBLIC OFFERING FOP OIL, GAS UNITS

Italy's Ente Nazionale ldrocarburi expects to float off its oil and gas units as a single public company by spring 1995. Under a privatization plan approved by Italy's government late last year (OGJ, Oct. 11, 1993, Newsletter), a public offering of stock in the new company, tentatively named Super-agip, is expected to raise 3 trillion lire ($1.8 billion). It wig be the first part of an ENI privatization program that could take 5-10 years (OGJ, Aug. 2, 1993, p. 36).

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