Sector News

Eni and SK Capital break off talks on Versalis stake sale

June 22, 2016

Italian oil and gas group Eni said on Tuesday it had aqreed with U.S. investment company SK Capital to break off talks over the sale of a majority stake in its chemical unit Versalis.

The oil major said in a statement talks had been halted because it had been impossible to resolve a series of issues including governance of Versalis.

Eni said the unit would be consolidated in group first-half results to be presented at the end of July.

By Stephen Jewkes

Source: Reuters

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