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Italy says it will sell stakes in 8 companies including energy giant Eni

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(Globalpost/GlobalPost)

Italy will sell stakes in eight companies including energy giant Eni in a "first packet of privatisations", Prime Minister Enrico Letta said on Thursday, in a drive to reduce debt.

The state plans to sell up to 3.0 percent of its stake in Eni, worth two million euros, while keeping at least 30 percent of the company. Other companies involved in the privatisation drive include shipbuilder Fincantieri and Grandi Stazioni, a member of Italy's railways group, Letta said at a press conference.

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http://www.globalpost.com/dispatch/news/afp/131121/italy-says-it-will-sell-stakes-8-companies-including-energy-giant-eni