Dec 08 - ENI - Acquisition of a Stake in Gaz De Bordeaux SAS

Source Press Release
Company ENI S.p.A. 
Tags Corporate Deals, Deals, Pipelines/ tankers/ distribution
Date December 31, 2008

(As per the ENI's Annual Report 2008): In September 2008, Eni, in agreement with its associate Altergaz (in which Eni holds a 38.91% interest) closed the acquisition of a 17% stake for each partner in the share capital of Gaz de Bordeaux SAS, a gas distributor in the municipality of Bordeaux. This agreement will allow Eni to strengthen its position on the French market through a 10-year supply of some 250 mmcm/y that will be marketed to a potential catchment area of 250,000 residential, commercial and industrial customers.

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