News: Eni SpA (E.N)

E.N on New York Stock Exchange

27 Mar 2015
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Fri, Mar 13 2015

Sinking euro keeps Europe stock rally alive

* FTSEurofirst 300 ends up 0.3 pct, posts 6th weekly gain in row

UPDATE 3-Eni becomes first oil major to cut dividend as seeks to fund growth

* Targets annual output growth of 3.5 percent (Adds fund manager, details, shares)

Europe's stock rally pauses as euro steadies

* Shares in Eni drop 5.4 pct after dividend cut, capex slashed

UPDATE 3-Eni reassures on dividend as it cuts back spending

* Shares outperform sector (Recasts lead, adds management comments, fund manager)

UPDATE 1-Eni says has cut expat workers in Libya, production continues

MILAN, Feb 17 - Italy's Eni said on Tuesday it had reduced the number of expatriates working in Libya but was continuing to produce oil and gas in a regular way in the country.

CORRECTED-European "refining spring" won't save plants from the axe

* Strong refining profits offset slump in oil production revenue

REFILE-Prosecutors request trial for Eni and Saipem on Algeria corruption

MILAN, Feb 12 - Italian prosecutors have asked for oil major Eni and its subsidiary Saipem to be put on trial on charges Saipem paid bribes to win contracts in Algeria, a judicial source said on Thursday.

UPDATE 1-Eni working with Goldman Sachs on gas and power spinoff -sources

* Eni seeking to sell assets to bolster cash flow (Adds source comments, background)

Deals of the day- Mergers and acquisitions

Feb 5 - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

Eni working with Goldman Sachs on gas and power spinoff - sources

MILAN, Feb 5 - Italian oil and gas group Eni is working with Goldman Sachs on the possible spinoff of its power and gas unit, two sources with knowledge of the matter said on Thursday.

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