Stock Market News

Italy’s Eni likely to finalise Enilive stake sale by year-end, CEO says

06/24/2024

Less than a minute

2024.06.24 05:20

ROME (Reuters) – Italian energy group Eni expects to complete the sale of a minority stake in its biofuel unit Enilive by the end of 2024, Chief Executive Claudio De Scalzi said on Monday.

© Reuters. FILE PHOTO: An entrance of the oil refinery of Eni is seen in Taranto, southern Italy, September 21, 2018. REUTERS/Alessandro Bianchi/File Photo

“The (sale) plan is in progress, there are still issues that are being discussed… our goal is to close by the end of this year, (talks) have accelerated,” De Scalzi said, when asked about the sale at a conference organised by daily Il Giornale in Milan.

In April Reuters had reported that the sale, which could fetch around 1.3 billion euros, would be completed by the year-end.

06/24/2024

Less than a minute

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