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...Paolo Scaroni, the influential former chief executive of oil major Eni, has stayed on as club chair. Gordon Singer has kept his seat on the board....
...The sale to Ithaca — which is majority owned by Israel’s Delek Group — includes British assets that Eni took on with Neptune....
...Paolo Scaroni, chair of football club AC Milan and a former chief executive of Eni, was proposed as Enel chair....
...The proposed deal would exclude Eni’s carbon capture and Irish Sea assets, Ithaca added in a statement on Wednesday....
...As chief executive of Eni for nine years, he has been instrumental in the oil group’s expansion in Russia....
...Ithaca could acquire all of Eni’s UK upstream oil and gas assets in exchange for new Ithaca stock. Eni would hold 38 to 39 per cent of the enlarged group under the limited details released so far....
...Eni has already partly proved the concept through the EIP deal. The oil group trades on an EV/ebitda multiple of 3.5 times....
...Eni owns 63 per cent of Vår Energi....
...Italy’s Eni, another of Gazprom’s large customers, is evaluating its options, said two people familiar with the discussions....
...“I don’t think we go back to 2022 [levels],” Eni chief executive Claudio Descalzi told the Financial Times....
...Eni was previously among the biggest recipients of gas from Russia’s Gazprom....
...He was previously chief executive at both Enel and Eni....
...In November, Eni shipped the first cargo of LNG from Mozambique....
...Eni and Neptune both declined to comment on the talks....
...Equinor’s and Eni’s shares climbed 2.5 per cent and 1 per cent respectively on Friday morning....
...Paolo Scaroni, a longtime ally of ex-premier Silvio Berlusconi and the mastermind behind oil major Eni’s Russia expansion, will probably be confirmed as chair at today’s shareholder meeting....
...The company corrals together Eni’s existing 1.4GW of wind and solar assets, which are expected to grow to 6GW by 2025....
...Eni chief executive Claudio Descalzi said listing a minority stake in Plenitude, which includes Eni’s retail, renewables and mobility units, would “unlock significant value” and accelerate its growth, while...
...Eni said 80 per cent of its €2.5bn in investments would be spent on carbon capture and renewable energy projects, and 20 per cent on oil and gas production....
...This month, Eni reached a deal to increase piped gas imports to Italy from Algeria by up to 9bn cubic metres a year by 2023-24....
...Eni said it had discussed its plan with “Italian institutions” and disputed it would breach EU sanctions....
...Saipem had secured commitments from Eni, Italy’s national oil company, and the state-backed investment fund CDP Industria to cover their combined 44 per cent stake in the group....
...Eni shares rose about 1 per cent in morning trading on Friday in Milan....
...Eni should get plenty of extra distributable cash from those three sources. The dividend yield on Eni shares is already a healthy 5 per cent....
...Italian energy major Eni on Wednesday said that Gazprom had also cut supplies to Italy by 15 per cent, without offering an explanation. Italy’s government declined to comment....
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