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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ERG SpA | BIT:ERG | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.04 | -0.16% | 24.48 | 24.20 | 24.58 | 24.64 | 24.30 | 24.36 | 161,014 | 17:00:00 |
From Jul 2019 to Jul 2024
By Liam Moloney
ROME--ERG SpA (ERG.MI) Wednesday said it is to sell the remaining stake it holds in the ISAB refinery to Russia's OAO Lukoil Holdings (LKOH.RS) for 400 million euros ($540 million), as it focuses on its renewables activities.
The Italian energy company's board of directors approved exercising the put option to sell the remaining 20% stake in ISAB to Lukoil, ERG said in a statement.
The acquisition is expected to take place by the end of the year, it added.
After the sale, Russia's largest non-state oil producer will own all of ISAB Srl.
Write to Liam Moloney at liam.moloney@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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