MILAN, Apr. 1 (Class Editori) - The People's Bank of China reappears in Eni's capital with 1%. The Chinese central bank holds a share of just over 1% of Eni. The data emerges from the latest Consob note on significant shareholdings and comes to light only now, after the decision to lower the threshold for communications, decided together with the blocking of short selling and other bearish operations to contain the turbulence on the Stock Exchange.
Already in 2014, the PboC had appeared in the capital of the investee with a share of 2.1%, equal to around € 1.5 billion at the time. Those were the times of the Chinese acquisition campaign around Europe, anticipated precisely by the operations of the central bank which at the time rose more than 2% in Enel and other large companies in the Italian Stock Exchange. PboC, also due to the variation of the thresholds, then fell off the radar and reappeared in these days.
The new communications come in a moment in which the Parliament is paying strong attention to the share movements of Italian strategic companies. The Copasir, the Rarliamentary Committee for the Security of the Republic, has launched a series of hearings to understand the state of art and, the next decree of April to develop new resources against the coronavirus emergency should contain, as announced, also a strengthening of golden power.
In March 2019, the company led by Claudio Descalzi had been one of the protagonists of President Xi Jinping's visit to Rome. The China National Offshore Oil Corporation, MF-Milano Finanza wrote at the time, “is negotiating many other projects with Eni, already partners in several contracts in China,” the deputy general manager of Cnooc, Lyu Yongfeng, recalled at the Italy-China Business Forum at Palazzo Barberini. “With Eni we have long-term contracts and we are discussing other possibilities for collaboration both in China and in third markets, in Asia and Europe. We hope that Italian companies can help us to enter Europe to reach a mutually beneficial collaboration with their competence”.
In addition, Eni had signed a financial agreement with Bank of China, the fourth largest institute in the world in terms of assets, which was to establish a closer collaboration with Chinese companies.
(Source:Class Editori)
Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.
A single purchase
