Eni To Sell Assets, Boost Output
Eni SpA (NYSE:E) remains busy in its asset divestiture program, mainly to support its upstream development activities. The company, in its 2012–2015 Strategic Plan, revealed that it aims to deliver production growth of more than 3% annually over the next four years through the asset sale program. The divestiture program includes sale of its stakes [...]
Eni SpA (NYSE:E) remains busy in its asset divestiture program, mainly to support its upstream development activities. The company, in its 2012–2015 Strategic Plan, revealed that it aims to deliver production growth of more than 3% annually over the next four years through the asset sale program.
The divestiture program includes sale of its stakes in Portugal’s Galp Energia and Italian gas transport group Snam. Galp Energia has a market value of €10.6 billion and Eni owns 33.34% in Galp, worth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards