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Market Chatter: Eni Mulling Sale of Upstream Assets After Deal With Vitol
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Market Chatter: Eni Mulling Sale of Upstream Assets After Deal With Vitol
Apr 7, 2025 12:27 PM

03:10 PM EDT, 04/07/2025 (MT Newswires) -- Eni (E) is evaluating a potential sale of its upstream assets following a recent agreement with Vitol, Reuters reported Monday, citing Eni's chief operating officer for upstream Guido Brusco.

The Italian energy company is continuing to pursue asset sale deals as previous sales in Ivory Coast and Congo had drawn "significant" interest from various investors, Brusco reportedly told the media outlet.

In March, Eni agreed to sell stakes in assets in Ivory Coast and the Republic of Congo to Vitol for $1.65 billion, Reuters reported.

Eni and Vitol did not immediately respond to requests for a comment from MT Newswires.

Shares of Eni were down nearly 6% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 26.51, Change: -1.63, Percent Change: -5.79

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