Eni (E) in Negotiations to Buy Neptune Energy for up to $6B
Published on: Thursday 01 December 2022
Eni SpA E is in negotiations to acquire private-equity-backed oil and gas producer Neptune Energy for $5-$6 billion, per a Reuters report. The transaction will be one of the largest oil and gas deals in recent years if it progresses. The companies are in the early stages of discussions. Notably, Neptune Energy could opt for alternative dealings, such as an initial public offering. Neptune Energy primarily operates in the U.K. and Norway, where...
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