Word: enis
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Dates: during 1960-1969
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...Syndicate. The unhealthy financial system has come under attack from several fronts lately, as both the government and forward-looking private investors have sought to pry open the country's long-closed business establishment. Acting through a state-owned investment bank, the government-owned holding companies ENI and IRI quietly bought effective control of Montecatini Edison last October. Once in power, the state agencies ousted both Sade-Finanziaria and Italpi from a syndicate of controlling stockholders because the companies were owned by Montecatini...
...voice of General Odumegwu Ojukwu, carried by Radio Biafra, vibrated between impassioned outrage and constrained eloquence. The 18 men that Biafra's boss referred to-14 Italians, three West Germans and a Lebanese -were employees of the Italian government's oil combine, ENI. They were captured last month by Biafran troops in the Okpai oilfields near Port Harcourt in an encounter in which eleven other oil workers (ten Italians and a Jordanian) were killed. Later a five-man Biafran tribunal that sits for security cases condemned the 18 prisoners to death by firing squad for helping Nigeria wage...
...Facto Recognition. Ojukwu treated the men correctly however. Three lawyers defended them at their trial, they received food forwarded by the Vatican and were visited by the Rt. Rev. Godfrey Okoye, Roman Catholic bishop of Port Harcourt. Ojukwu, however, refused to discuss their plight with ENI but insisted that the Italian government -which does not recognize Biafra -speak in their behalf. He got his way when Under Secretary for Foreign Affairs Mario Pedini flew into Owerri to negotiate, thus giving Biafra at least temporary de facto recognition that irritated opposing Nigeria...
...revolt was sparked by fear among investors that Montedison was on the verge of "hidden nationalization." The two biggest government industrial enterprises-ENI and I.R.I.-recently acquired a near-controlling interest in Montedison, a diversified manufacturer of chemicals and other basic products (TIME, Oct. 18). Now they were proposing a rule change that would give government forces virtual veto power in the Montedison board. Enraged, more than 2,000 small stockholders turned up at the meeting, the largest such group ever to so gather in Italy...
Died. Marcello Boldrini, 79, Italian scholar-turned-executive who in 1962 succeeded the dynamic Enrico Mattei as president of Ente Nazionale Idrocarburi, Italy's worldwide, state-owned oil corporation; of a brain tumor; in Milan. A onetime professor of statistics, Boldrini joined ENI in 1948 as president of its distributing company, and was vice president of the sprawling complex by the time Mattei died in a plane crash; critics dismissed the 72-year-old statistician as an "interim pope," but in his five-year reign he proved to be as expansive and guileful as his predecessor, plunging ENI into...