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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Eni Spa | BIT:ENI | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.056 | 0.37% | 15.33 | 15.326 | 15.328 | 15.438 | 15.248 | 15.344 | 2,937,604 | 13:38:12 |
By Nathan Allen
Qatar Petroleum said Tuesday that it will take a 25% stake in three exploration blocks, currently held jointly by Eni SpA (ENI.MI) and Total SA (FP.FR).
Under the terms of the deal Qatar Petroleum said it will take a share in the L11A, L11B and L12 blocks, in deep water offshore Kenya.
Eni, which is the operator of the blocks, has agreed to sell a 13.75% stake, while Total will sell an 11.25% stake.
Following the transaction's close Eni will hold 41.25%, Total will hold 33.75% and Qatar Petroleum will hold 25%.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 23, 2019 09:25 ET (13:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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