We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| 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
Hot Features
Premium
By Anthony Shevlin
Total SA (FP.FR) and ERG SpA (ERG.MI) said Friday that they have signed an agreement with Anonima Petroli Italiana SpA (API.YY) to sell the fuel marketing and refining assets in their TotalErg joint venture.
Total said this transaction, which follows the divestment of the commercial sales and liquefied petroleum gas businesses, completes the sale of all of TotalErg's assets for a final amount of 750 million euros ($874 million).
Total said that although TotalErg is the fourth-largest fuel marketer in Italy, the market is fragmented and the profitability outlook was "not in line" with the group's expectations.
The French oil-and-gas company added that it has retained 100% of the joint venture's lubricants activities after acquiring ERG's 51% stake in the division. The move comes as Total focuses on reinforcing its lubricants business in Italy.
The agreement is subject to the approval of the relevant authorities.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
November 03, 2017 14:07 ET (18:07 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year ERG Chart |
1 Month ERG Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
