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Eni sells its stake in EEV to German EnBW

11 July 2014 - 10:03 AM CEST
 

San Donato Milanese (Milan), 11 July 2014 - Eni sells its stake in EnBW Eni Verwaltungsgesellschaft (EEV), equal joint venture which controls the companies Gasversorgung Süddeutschland (GVS) and terranets bw, to its current partner EnBW (Energie Baden-Württemberg).

The sale is subject to approval by the relevant antitrust authorities.

Eni’s decision to sell its share in the company is part of its strategy of rationalizing its mid-downstream portfolio, exiting regulated gas transport assets. Eni remains actively involved in the commercialisation of natural gas in Germany through its commercial branch in Dusseldorf.

Download the press release (PDF)

PDF 38.52 KB 11 July 2014 CEST 10:03
PDF 38.52 KB