VOL. XLV
No 50
16-December-2002
EGYPT
Eni Acquires 50% Stake In Union Fenosas Gas Business For 440Mn
Eni has agreed to acquire a 50% stake in Union Fenosa Gas (UFG) through increasing UFGs share capital by 440mn. The asset value attributed to Union Fenosa Gas amounts to 930mn. Eni said in a statement that its experience as an international player in the natural gas business, as the largest oil and gas producer in Egypt and largest gas marketer in Europe, underpinned the acquisition, which is...
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