Eni agrees to sell Snam 49.9% stake in Algeria gas pipelines for 385 million euros -Breaking
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© Reuters. FILE PHOTO Eni’s logo can be seen at its headquarters in San Donato Milanese near Milan on April 27, 2016. REUTERS/Stefano Rellandini/File PhotoMILAN, (Reuters) – Eni, the Italian energy giant has reached an agreement to sell Snam 49.9% its share in gas group Snam’s strategic pipelines transporting Algerian gas into Italy. The sale will be for 385 million Euros ($436 Million), according to two companies.
They stated that the pipelines would be shared by both companies.
($1 = 0.8836 euros)
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