Italy: the Italian Treasury is going to reduce its share in ENEL energy group (turnover EUR 31.3 bn in 2003) from 50.35% to 30% through a public call for tender from which it is expected to earn around EUR 8 bn. Over a five-year period ENEL has enable the state to fill up its coffers to the tune of EUR 21.8 bn through the sale of 49% of its capital in two operations.