Eni: Sale of Gas & Power Retail Operations in Belgium Completed

Source Press Release
Company ENI S.p.A.Eneco 
Tags Corporate Deals, Deals, Power, Refining & Marketing Activities
Date July 10, 2017

Following the approval by the regulatory authority, today Eni has completed the sale to Eneco of 100% of Eni Gas & Power NV / SA - and its subsidiary Eni Wind Belgium NV / SA - which comprises Eni’s gas & power retail operations in Belgium.  

The sale and purchase agreement was signed in March this year following a competitive bidding process, the results of which confirmed the value and upside potential of the company which currently serves approximately 850,000 electricity and gas connection points, representing a market share of around 10%, and employs approximately 200 staff.

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