Sector News

Eni and SK Capital break off talks on Versalis stake sale

June 22, 2016
News

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

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Food & Drink

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]