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Enik agrees Snam to sell 49.9% stake in Algerian gas pipelines for 385 million euros Reuters
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© Reuters. FILE PHOTO: Eni’s logo can be seen in front of the headquarters of San Donato Milanese, near Milan, Italy, on April 27, 2016. REUTERS / Stefano Rellandini / Photo File
MILAN (Reuters) – Italian energy group Eni has agreed to sell 49.9% of its stake in the Snam gas group to strategic Algerian gas pipelines to Italy for 385 million euros ($ 436 million), the two companies said on Saturday.
The two companies will jointly control the pipes, they said.
($ 1 = $ 0.8836)
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