Eni and Vår Energi paying $4.9 billion for Neptune’s entire oil & gas portfolio, bar German business
Italian energy giant Eni has inked a sale and purchase agreement to acquire Neptune Energy Group Limited while the oil major’s majority-owned Vår Energi simultaneously signed an inter-conditional sale and purchase agreement to acquire Neptune’s Norwegian business for an aggregate enterprise value of $4.9 billion. The only part of Neptune’s portfolio, which is not included …
