Mandatory takeover bid on the remaining shares of Distrigas following closing of the acquisition: calculation of the weighted average trading price

The CBFA has been informed of the agreement of 29 May 2008 between Eni S.p.A. and Suez-Tractebel SA for the acquisition of a 57.243% holding in Distrigas NV/SA. Eni S.p.A will launch a mandatory takeover bid following the closing of the acquisition.

On 29 May 2008, the CBFA decided, by derogation from Article 53, first paragraph, 2°, of the Royal Decree of 27 April 2007 on takeover bids, and insofar as necessary, that the weighted average trading price on the market of the Distrigas shares shall be determined in relation to the average of the 30 calendar days preceding the publication of the price made on 29 May 2008 pursuant to Article 8 of the said Royal Decree.

The purpose of this decision is to avoid the creation of a false market in the Distrigas shares pursuant to the announcement of the price on 29 May 2008, taking into account  the objectives of the protection and equal treatment of the investors.