Eni has no comment on Qatar stake buy report

MILAN Fri May 11, 2012 4:44am EDT

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MILAN May 11 (Reuters) - Italian oil and gas group Eni declined to comment on a report that Qatar's sovereign wealth fund was in negotiations to buy a stake in its capital, a spokeswoman said on Friday.

Qatar's sovereign wealth fund is in "very advanced talks" to buy a 3 to 5 percent stake in Royal Dutch Shell and is also negotiating a stake in Italy's ENI, according to a report in the Middle East Economic Survey.

Last month, Qatar Holding, a unit of the Gulf nation's sovereign wealth fund, said it had increased its stake in French oil group Total to 3 percent.

Shares in Eni rose 1.5 percent by 0841 GMT, outperforming a flat Italian blue-chip index.

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