27 Ноября 2024 | среда | 20:33
Energoterra

Eni completes the sale of Padana Energia to Gas Plus

Октября 20, 2010

Following the agreement signed in August, Eni has completed the sale of its 100% stake of Padana Energia.

Today, following the agreement  signed in August, Eni completed the sale to Gas Plus of  its 100% stake of Padana Energia, a company which holds exploration permits and concessions for development and production of hydrocarbons in Northern Italy.
The transaction is valued at €179 million, subject to a possible adjustment of up to €25 million related to the production of a development asset. Further price adjustments are foreseen in connection with the exploration potential of the transferred assets.
The agreement signed today is part of Eni’s initiative to rationalize its portfolio and optimize its operating efficiency in Italy.
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