Eni shares drop amid Italy windfall tax debate
Eni shares fell for a fifth consecutive session as Italy weighed a windfall tax on energy companies. The measure aims to fund fuel-price cuts amid regional market disruptions.
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ENI SPA shares fell 0.7% on Thursday morning in Milan, extending a five-day losing streak amid political debate over a potential windfall tax on energy companies. The drop brings total losses since the August 20 close to more than 6%. The decline comes as Italy weighs funding mechanisms for fuel-price cuts following disruptions linked to the conflict involving the United States and Iran in the Strait of Hormuz.
