ENI SpA : Neptune acquisition aligned with the group’s strategy for a fair price
>An acquisition aligned with Eni’s strategy to strengthen its position in natural gas - Eni announced this Friday the acquisition of Neptune Energy for $ 4.9bn, bringing an end to several months of rumours including that it was rivalled by TotalEnergies. In fact it is Var Energi, Eni’s subsidiary at 63% and listed in Oslo, that will take on the Norwegian assets for $ 2.3bn and Eni the global assets for $ 2.6bn, located in the UK, the Netherlands, Indonesia, Australia,...Eni is engaged in the oil and gas exploration and production, gas marketing operations, management of gas infrastructures, power generation, petrochemicals, oil field services and engineering industries. Co.'s operations are divided into three segments; Exploration and Production (oil and natural gas exploration and field development and production, as well as LNG operations), Gas and Power (supply, trading and marketing of gas and electricity, managing gas infrastructures for transport, distribution, storage, re-gasification, and LNG supply and marketing), and Refining and Marketing (supply of crude oil, refining and marketing of refined products). Co. maintains operations in 73 countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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