Brief: Italy's BF Signs Deals With Eni, Intesa Sanpaolo

BF SpA

19/11/2021 06:35

Nov 19 (Reuters) - BF SpA  BFG.MI :
    * SAID ON THURSDAY IT HAD SIGNED DEALS WITH ENI, INTESA
SANPAOLO
    * DEAL WITH ENI IS FOR CREATION OF EQUITY JV, SALE TO ENI OF
5%
STAKE IN BONIFICHE FERRARESI FOR EUR 20 MLN
    * DEAL ALSO PROVIDES FOR CAPITAL INCREASE RESERVED TO ENI
FOR
3.32% OF BF AT EUR 3.225/SHR FOR TOTAL OF EUR 20 MLN
    * ENI COMMITTED TO SUBSCRIBE TO CAPITAL HIKE BY JAN. 31,
2022
    * DEAL WITH INTESA SANPAOLO (ISP) PROVIDES FOR CAPITAL
INCREASE
RESERVED TO ISP FOR 3.32% OF BF AT EUR 3.225/SHR FOR TOTAL OF
EUR 20 MLN
    * ISP COMMITTED TO SUBSCRIBE TO CAPITAL HIKE BY JAN. 31,
2022

 Further company coverage:  BFG.MI  ENI.MI  ISP.MI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))