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Eni Ready to Sell Entire Stake in Snam Rete Gas, Ansa Reports

Eni SpA (ENI), Italy’s largest oil company, is ready to sell its entire stake in Snam Rete Gas SpA (SRG), news agency Ansa reported, citing Chief Executive Officer Paolo Scaroni. Eni aims to “get the most” from the sale, Scaroni told reporters in Libya, according to Ansa. He said he didn’t see obstacles to reducing Eni’s stake to below 50 percent, the news agency reported.

Eni’s production in Libya has returned to pre-war levels of about 260,000 barrels a day, Ansa cited Scaroni as saying.

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To contact the reporter on this story: Armorel Kenna in Milan at akenna@bloomberg.net

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net

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