Published on 25 Apr 2024 on Zacks via Yahoo Finance
Eni SpA E has made a significant move by agreeing to divest the majority of its upstream assets in the U.K. to Ithaca Energy.
The transaction, valued at approximately £754 million, is structured as an all-stock deal. This agreement does not include Eni’s East Irish Sea assets and its carbon capture, utilization and storage activities in the U.K.