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 >
At least 28 dead, two rescued in fiery aircraft crash in South Korea, Yonhap reports
At least 28 dead, two rescued in fiery aircraft crash in South Korea, Yonhap reports
Dec 28, 2024
SEOUL, Dec 29 (Reuters) - At least 28 people were killed when an airliner went off the runway and slammed into a wall at South Korea's Muan International Airport on Sunday, Yonhap news agency reported. The accident occurred as Jeju Air flight 7C2216, carrying 175 passengers and six crew on a flight from the Thai capital Bangkok, was landing at...
Trump sides with Elon Musk in H-1B visa debate, says he's always been in favor of the program
Trump sides with Elon Musk in H-1B visa debate, says he's always been in favor of the program
Dec 28, 2024
WEST PALM BEACH, Florida, Dec 28 (Reuters) - P resident-elect Donald Trump on Saturday sided with key supporter and billionaire tech CEO Elon Musk in a public dispute over the use of the H-1B visa, saying he fully backs the program for foreign tech workers opposed by some of his supporters. Trump's remarks followed a series of social media posts...
Elon Musk vows 'war' over H-1B visa program amid rift with some Trump supporters
Elon Musk vows 'war' over H-1B visa program amid rift with some Trump supporters
Dec 28, 2024
WEST PALM BEACH, Florida, Dec 28 (Reuters) - Elon Musk, the billionaire CEO of Tesla and SpaceX, vowed to go to war to defend the H-1B visa program for foreign tech workers late on Friday amid a dispute between President-elect Donald Trump's longtime supporters and his most recently acquired backers from the tech industry. In a post on social media...
Gazprom says it will stop gas exports to Moldova from January 1
Gazprom says it will stop gas exports to Moldova from January 1
Dec 28, 2024
MOSCOW, Dec 28 (Reuters) - Russian energy giant Gazprom said on Saturday it would suspend gas exports to Moldova from 0500 GMT on January 1 due to unpaid debt by Moldova. It said the company reserved the right to take any action, including terminating the supply contract with Moldova. The supply suspension is a precursor for a total shutdown of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved