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%.