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Italian oil company Eni sells UK upstream assets to Ithaca Energy, acquiring a 38.7% stake.
Italian oil company Eni has finalized the sale of its UK upstream assets, excluding certain areas, to Ithaca Energy, gaining a 38.7% stake in the company.
Announced in April 2024, this merger enhances Eni's position on the UK Continental Shelf and creates a significant independent oil and gas entity.
The combined company aims to support UK energy security and decarbonization efforts while maximizing sustainable shareholder value.
7 months ago
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