ENI
ENI: One of the largest secondary follow-ons in Italy
ENI
€1,400,000,000
Common Stock Offering on behalf of Ministero dell’Economia e Delle Finanze
Joint Global Coordinator
ENERGY | MAY 2024
In May 2024, Jefferies acted as Joint Global Coordinator on the over €1.4 billion secondary follow-on by the Italian Government in Eni, one of Europe’s largest fully integrated energy companies. It was the largest secondary follow-on in Italy since February 2015.
The deal—part of a broader Italian government debt reduction strategy—was launched without a wall cross process and priced at a 1.7% discount to the market.
It was the third time in six months that Jefferies acted as the Joint Global Coordinator for the Italian government, having previously executed two placements for Banca Monte dei Paschi. Jefferies was the only bank with a global coordinator role on all three deals, collectively raising over €3 billion.
It was the third time in six months that Jefferies acted as the Joint Global Coordinator for the Italian government.
About ENI
Eni is a global energy company with over 30,000 employees in 61 countries. Originally an oil and gas company, it has evolved into an integrated energy company. It plays a key role in ensuring energy security and leading the energy transition.
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