24 April 2024
Eni seals €590 million Elgin-Franklin acquisition
Publication date: 29 September 2011
Gas Strategies Group
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Italy’s Eni has sealed the €590 million acquisition of GDF SUEZ’ 10.4% stake in the UK North Sea Elgin-Franklin fields. The acquisition increases Eni’s stake in the assets to 32%, while GDF SUEZ will re-invest the proceeds in more profitable operations.