Eni Completes UK Asset Combination With Ithaca Energy: Details

Eni S.p.A. (NYSE:E) shares are trading lower on Thursday. The company disclosed the completion of its asset combination in the U.K., merging nearly all upstream assets, except for those in the East Irish Sea and CCUS activities, with Ithaca Energy plc.

This combination is financed by issuing new ordinary shares to Eni UK, representing about 38.7% of Ithaca’s enlarged issued share capital.

As earlier ...

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