Tuesday, December 30, 2014

Eni sells its stake in South Stream – The Press

Eni sells its stake in South Stream – The Press

          

Eni entered into an agreement for the sale of its stake of 20% in the company South Stream Transport BV Gazprom. Following the transaction, Eni will recover the capital invested in the project to date, calculated in accordance with existing agreements. Before the agreement, South Stream Transport was owned by Gazprom with a share of 50%, by Eni with a 20% share, and Wintershall and EDF with a share of 15% each. The company was established to build the offshore section of the South Stream gas pipeline.

(RV)

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