MILAN--Italian energy giant Eni SpA (ENI.MI) Friday said it had sold 6.7% of smaller Portuguese peer Galp Energia SGPS SA (GALP.LB) for 677.6 million euros ($883.1 million).

Eni said in a statement it had sold 55.5 million shares at EUR12.22 apiece to institutional investors.

It said it held a remaining 16.43% stake.

-Write to Gilles Castonguay at gilles.castonguay@dowjones.com; Twitter: @GRCastonguay

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