Eni Sale of Snam Involves Cassa Depositi, Passera Tells Il Sole

Talks on Eni SpA (ENI)’s forced sale of its half of Italian gas distributor Snam Rete Gas SpA (SRG) involves state-controlled lender Cassa Depositi e Prestiti, Il Sole 24 Ore said, citing an interview with Development Minister Corrado Passera published today.

Passera said Cassa Depositi has a role in the talks because it’s an Eni shareholder, without elaborating on whether the lender is a possible buyer, according to the newspaper.

Separately, Passera told Il Sole that Italy’s government may invest in a broadband Internet project that doesn’t involve Telecom Italia SpA (TIT), the country’s largest phone company.

To contact the reporter on this story: Elisa Martinuzzi in Milan at emartinuzzi@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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