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Eni SpA sells stake in EEV to German EnBW

Thursday, 10 Jul 2014 08:00pm EDT 

Eni SpA:Eni sells its stake in EnBW Eni Verwaltungsgesellschaft (EEV), equal joint venture which controls the companies Gasversorgung Suddeutschland (GVS) and terranets bw, to its partner EnBW (Energie Baden-Wurttemberg).The sale is subject to approval by the relevant antitrust authorities.Says Eni’s decision to sell its share in the company is part of its strategy of rationalizing its mid-downstream portfolio, exiting regulated gas transport assets. 

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