History Article
Close
This article was published on December 29, 2014 at 21:38.
The last change is the December 29, 2014 at 21:52.
Eni entered into an agreement for the sale of its 20% stake in the project South Transport Stream to Gazprom, which would be buying back up of all members of the respective shares. According to a note from the Italian group Eni “will recover the capital invested in the project, calculated in accordance with existing agreements.”
The Russian giant (which owns 50% of South Stream Bv, active on the offshore infrastructure) should formalize the repurchase of shares of the other shareholders in addition to Eni, namely EDF (15%) and Wintershall (15%). The price is currently covered by strict secrecy, but Gazprom would ensure the return of equity so far invested remunerated at a good interest rate.
The South Stream pipeline was a colossal project intended to create a new gas route, starting from Russia, especially from the Black Sea, and came to Europe without going through central and southern Ukraine and eliminating a strong element of critical issues emerged in recent years. But it was the same as Russia, in early December, at the height of tensions with the European Union to announce the stop of the project, with the repurchase of shares by Gazprom really becomes final.
© ALL RIGHTS RESERVED
Permalink
No comments:
Post a Comment