Img_oil_Our_channel.jpg
enioilproducts

Your business, our energy

Produtcs and solutions for business and customers Italy and abroad

Img_enjoy_Our_channel.jpg
ENJOY

Get around town easily

Live the city with Eni's car-sharing service

PRICE SENSITIVE
Midstream

Eni completes the sale of its participation in TAG

22 December 2011 - 11:28 AM CET
 

San Donato Milanese (Milan), 22 December 2011 – Today Eni has finalized the agreement signed with Cassa depositi e prestiti (CDP) and announced on 10 June 2011 for the sale of 89% of the existing shares in Trans Gasleitung Austria GmbH ("TAG"), the company owning the transport rights for the Austrian section of the pipeline that connects Russia to Italy. This corresponds to 94% of the economic rights currently held in TAG,
                                
The sale is part of the commitment made to the European Commission on the 29 September 2010. The total payment to Eni is approximately €710 million , of which  €533 million   is attributable to the transfer price of the participation and  €177 million to the repayment of shareholder loans provided by Eni to TAG.

Ship-or-Pay contracts between Eni and TAG remain in place.

Download the press release (PDF)

PDF 31.93 KB 22 December 2011 CET 11:28
PDF 31.93 KB