OSLO, June 23 (Reuters) - Vaar Energi, a unit of Italy's Eni, said on Friday it has agreed to buy Neptune Energy's Norwegian subsidiary for $2.28 billion.
The deal will accelerate Vaar's growth and value creation as an oil and فلش بک gas producer in Norway, the company said in a statement.
Eni has agreed in addition to acquire the remaining assets of the Neptune group outside of Norway and Germany in a separate transaction.
"Completion of both transactions is inter-conditional," Vaar said in a statement.
(Reporting by Terje Solsvik; Editing by Christopher Cushing and Tom Hogue)
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Eni's Vaar in $2.3 bln deal to buy Neptune's Norwegian business
por Chu Ibsch (2023-08-03)
OSLO, June 23 (Reuters) - Vaar Energi, a unit of Italy's Eni, said on Friday it has agreed to buy Neptune Energy's Norwegian subsidiary for $2.28 billion.
The deal will accelerate Vaar's growth and value creation as an oil and فلش بک gas producer in Norway, the company said in a statement.
Eni has agreed in addition to acquire the remaining assets of the Neptune group outside of Norway and Germany in a separate transaction.
"Completion of both transactions is inter-conditional," Vaar said in a statement.
(Reporting by Terje Solsvik; Editing by Christopher Cushing and Tom Hogue)