Eni: No Agreement Reached with SK Capital on the Sale of a Majority Share in Versalis, Negotiations Have Terminated

Source Press Release
Company ENI S.p.A.SK Corporation 
Tags Deal Rumours, Strategy - Chemicals
Date June 21, 2016

 Eni announces that the negotiations with the U.S. investment fund SK Capital over the sale of a majority share in Versalis S.p.A. have been terminated due to an impossibility to reach a resolution on certain issues, including the future governance of the company.

Therefore, starting from the second quarter results, Eni will fully consolidate Versalis within the group’s accounts.

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