Eni Plans Stake Sale in Ivory Coast Operation for Up to EUR1 Billion, Bloomberg Reports
--Eni has tapped advisers to explore the sale of a stake in its upstream operations in Ivory Coast, in a deal potentially worth 1 billion euros ($1.07 billion), Bloomberg reports, citing unnamed sources.
--The Italian oil-and-gas major is still evaluating the size of the stake to be sold but it could be up to 30% of the business, with interest coming from Asian peers, according to Bloomberg.
--A divestment would be in line with Eni's strategy to raise EUR8 billion of net proceeds from asset disposals through to 2027.
--Eni declined to comment when contacted by Dow Jones Newswires.
Full story: https://tinyurl.com/5sewptpv
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
June 19, 2024 06:02 ET (10:02 GMT)
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