Здравствуйте. Вся информация этого сайта бесплатна без рекламы. Вы можете сделать пожертвование и поддержать развитие этого сайта. Спасибо.

Hello. This site is free without ads. You can make a donation and support the development of this site. Thank you.

2014-07-11 17:45:00

ENBW BUYS ENI

ENBW BUYS ENI

German utility EnBW said on Friday it would buy the 50 percent stake owned by Italy's Eni in a jointly-held gas grid company, taking full ownership of an asset that is expected to generate stable returns over the coming years.

EnBW said both parties had agreed not to disclose the purchase price.

Sources familiar with the process told Reuters late on Thursday that a deal had been agreed, putting the value of the stake at more than 150 million euros ($205 million).

"EnBW executes on its gas strategy through expanding its position in the gas supply and transmission business significantly and is also aiming for further growth," Frank Mastiaux, EnBW's chief executive, said in a statement.

Infrastructure investors and utilities are looking to buy into safer assets that yield guaranteed returns, such as power and gas grids, amid turbulent stock markets and low interest rates.

EnBW will buy the 50 percent it does not already own in EnBW Eni Verwaltungsgesellschaft mbH, established in 2002, which comprises gas grid Terranets BW GmbH as well as gas supplier Gasversorgung Sueddeutschland (GVS).

Together, Terranets - which operates a 2,000 km gas pipeline system in the German state of Baden-Wuerttemberg - and GVS made sales of 1.7 billion euros last year and employ 278 staff.

Eni said in October it was in talks with EnBW over the future of EnBW/Eni Verwaltungsgesellschaft, amid speculation the oil and gas group could sell its stake.

reuters.com

Tags: ENBW, ENI, GAS, GERMAN,

Chronicle:

ENBW BUYS ENI
November, 15, 15:25:00

OIL PRICE: ABOVE $61 AGAIN

REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.

ENBW BUYS ENI
November, 15, 15:20:00

IEA COOLS THE MARKET

BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.

ENBW BUYS ENI
November, 15, 15:15:00

IEA: GLOBAL ENERGY DEMAND UP BY 30%

Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.

ENBW BUYS ENI
November, 15, 15:10:00

RUSSIA'S OIL EXPORTS UP

Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.

All Publications »
Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00