UPDATE 2-Italy state holding company completes Eni stake sale

* CDP sells 3.3 pct stake in Eni to help fund Snam stake buy

* CDP says sold 200 million shares for 2.1 bln euros

* CDP now owns 25.76 pct stake in Eni

(Recasts with CDP statement)

MILAN, Oct 9 (Reuters) - Italy's state investment holdingcompany, Cassa Depositi e Prestiti (CDP), completed the sale ofa 3.3 percent stake in oil group Eni on Tuesday for 2.1billion euros to help fund the acquisition of a controllingstake in gas network company Snam.

The government has called on Eni to exit Snam in aneffort to improve competition in Italy's natural gas market andhelp bring down prices for Italian consumers.

The government considers the gas transport network of Snamand the power grid of Terna as strategic assets and iskeen for CDP to keep control of them.

The sale of the 3.3 percent stake cuts CDP's stake in Eni to25.76 percent, the investment holding company said in astatement on Tuesday.

Since Aug. 7, CDP has raised more than 2.1 billion eurosfrom the sale of a 3.3 percent stake in Eni to help fund theacquisition of just under 30 percent of Snam.

Earlier on Tuesday, Credit Suisse placed 10.7 million Enishares for 17.33 euros each on behalf of CDP, sources toldReuters. The placement lasted about three minutes, one of thesources said.

CDP has placed a total of 120 million Eni shares at aweighted average price of 17.55 euros, above the market averageprice in the two-month period since Aug. 7.

Eni shares closed up 0.64 percent at 17.26 euros on Tuesday.

(Reporting by Stephen Jewkes and Giancarlo Navach in Milan,with Francesco Canepa and David Brett in London; Editing byDavid Holmes and John Wallace)


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Keywords: ENI CDP/