Eni Continues to Eye Distrigaz, Picks up Share from Publigaz

Following Eni’s announcement of May 29, 2008 in relation to its proposed acquisition from Suez-Tractebel S.A. of a 57.243% interest in Distrigaz S.A. / Distrigas N.V., Eni confirms that it has signed a non-binding term sheet with Publigaz S.C.R.L. / Publigas C.V.B.A., which owns a 31.25% interest in Distrigaz, in connection with the possible relationship between the parties in their capacity as reference shareholders of Distrigaz.

Eni and Publigaz are now in exclusive discussions with a view to signing, within a limited period of time, definitive documentation that will be binding and would include the waiver of Publigaz’s pre-emption right in respect of the 57.243% interest in Distrigaz and arrangements in relation to general corporate governance.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Social Media Specialist
Expertise: Graphics Design|Marketing|PR / Corporate Communications
Location: Houston, TX
 
Land Analyst - WY / UT Land Grant
Expertise: Landman|Lease Analyst|Legal
Location: Denver, CO
 
Sr. Contracts Negotiator
Expertise: Contracts Administration|Contracts Engineer|Legal
Location: Houston
 
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours