ENI Entered Into an Agreement for the Sale of its 20% Stake in South Stream Transport B.V. to Gazprom

Source Press Release
Company ENI S.p.A.EDFGazprom PJSCWintershall Dea GmbH 
Tags Corporate Deals, Deals, Pipelines/ tankers/ distribution
Date November 29, 2014

Eni entered into an agreement for the sale of its 20% stake in South Stream Transport B.V. to Gazprom.

Following the transaction, Eni will recover the capital invested to date in the project, calculated coherently with existing agreements.

Before the agreement, South Stream Transport was owned by Gazprom with a share of 50%, by Eni with a share of 20%, and Wintershall and EDF with a share of 15% each. The company was established to build the offshore section of the South Stream gas pipeline.

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