Italian company’s subsidiary, Vår Energi, will acquire Neptune’s Norwegian business for $2.3bn
The oil and gas company founded by the former boss of Centrica, which owns British Gas, has confirmed that it will be sold to Italy’s Eni for almost $5bn (£3.9m) in one of Europe’s largest oil and gas takeovers in a decade.
Neptune Energy, which was established by Sam Laidlaw five years ago, said Eni had agreed to buy the company for $2.6bn, while Eni’s Norwegian-listed subsidiary, Vår Energi, will acquire Neptune’s Norwegian business for $2.3bn.
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