Eni sells 100% stake in Eni Gas & Power NV to Eneco

Eni

Italian oil major, Eni said it as completed the sale of its 100% stake in Eni Gas & Power NV to Eneco and its subsidiary Eni Wind Belgium NV / SA – which comprises Eni’s gas & power retail operations in Belgium.

Eni said in the statement that the sale and purchase agreement was signed in March this year following a competitive bidding process, the results of which confirmed the value and upside potential of the company which currently serves approximately 850,000 electricity and gas connection points, representing a market share of around 10%, and employs approximately 200 staff.

Eni is present in Nigeria as represented by its wholly-owned subsidiary, Agip.