Announced
Completed
Financials
Tags
exploration
Integrated Oil and Gas
Private
Single Bidder
Friendly
United Kingdom
Majority
Acquisition
Cross Border
Private Equity
Completed
Synopsis
Eni, an Italian multinational energy company, completed the acquisition of Neptune Energy, an independent exploration and production company, from China Investment, a private equity firm, for $2.6bn. "This transaction delivers to Eni a high-quality and low carbon intensity portfolio with exceptional strategic and operational complementarity. Eni sees gas as a critical bridge energy source in the global energy transition and is focused on increasing the share of its natural gas production to 60% by 2030. Neptune will contribute predominantly gas resources to Eni’s portfolio," Claudio Descalzi, Eni CEO.
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