financetom
Business
financetom
/
Business
/
Italy clears VTTI's acquisition of 70% stake in Adriatic LNG, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Italy clears VTTI's acquisition of 70% stake in Adriatic LNG, sources say
Aug 6, 2024 9:54 AM

MILAN, Aug 6 (Reuters) - Italy won't use special powers

designed to shield assets deemed as strategic for the country in

relation to Vitol-backed VTTI's acquisition of Adriatic LNG,

Italy's biggest liquefied gas terminal, two sources with

knowledge of the matter said.

The sources on Tuesday said Italy had cleared the path for

the deal to go through by deciding not to use its 'golden

powers' which allow the state to set conditions for a deal or

block it altogether.

Earlier this year ExxonMobil ( XOM ) and QatarEnergy agreed

to sell their stakes in the Adriatic LNG terminal, with VTTI

getting a 70% stake and Italian gas grid operator Snam

the remaining 30%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump says US has a 'golden share' in US Steel
Trump says US has a 'golden share' in US Steel
Jun 13, 2025
WASHINGTON, June 12 (Reuters) - U.S. President Donald Trump said on Thursday the United States had a golden share in U.S. Steel as part of a deal for Nippon Steel ( NISTF ) to buy the iconic American company. It was not immediately clear what structural element of the deal Trump was referring to, but he said the share meant...
Trump says US has a 'golden share' in US Steel
Trump says US has a 'golden share' in US Steel
Jun 13, 2025
WASHINGTON (Reuters) -U.S. President Donald Trump said on Thursday the United States had a golden share in U.S. Steel as part of a deal for Nippon Steel ( NISTF ) to buy the iconic American company. It was not immediately clear what structural element of the deal Trump was referring to, but he said the share meant that Americans would...
Lufthansa braces for dip in demand for flights to US in third quarter
Lufthansa braces for dip in demand for flights to US in third quarter
Jun 13, 2025
DUESSELDORF (Reuters) -Germany's Lufthansa is bracing for weaker demand in the third quarter for flights to the United States after a boom in the summer, according to CEO Carsten Spohr. Speaking at a business journalists' event late Thursday, Spohr said the first quarter was better than the previous year, but we are seeing a levelling-off in the third quarter. The...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved