Eni sold its stake in EnBW Eni Verwaltungsgesellschaft (EEV), equal joint venture which controls the companies Gasversorgung Süddeutschland (GVS) and T erranets bw , to its current partner EnBW (Energie Baden-Württemberg).
Eni’s decision to sell its share in the company is part of its strategy of rationalizing its mid-downstream portfolio, exiting regulated gas transport assets, the company said in a statement.
Eni remains actively involved in the commercialisation of natural gas in Germany through its commercial branch in Dusseldorf, it added.
[ mappress ] Press Release, July 11, 2014; Image: Eni