London—Italy’s Eni has completed its previously announced sale of a 5% stake in Portuguese oil and gas group Galp to the company’s other major shareholder, Netherlandsbased Amorim Energia, Eni said July 20. The sale was concluded at Eur14.25/ share, valuing the 5% stake at Eur589 million ($717 million), and leaves Eni with a 28.34% interest in Galp, Eni said in a statement.
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