Eni: after CONSOB’s resolution, the first condition precedent to the sale and purchase of a stake in Saipem has been satisfied

CONSOB's reasoned resolution above, which has been issued pursuant to art. 106, para. 6, of the Legislative Decree no. 58/1998 (the "Consolidated Financial Act"), has stated that the proposed purchase of a stake in Saipem by FSI and the execution of the shareholders' agreement between Eni and FSI do not involve an obligation to launch a mandatory takeover bid.