Eni sells EEV stake

Eni sold its stake in EnBW Eni Verwaltungsgesellschaft (EEV), equal joint venture which controls the companies Gasversorgung Süddeutschland (GVS) and Terranets 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.

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Press Release, July 11, 2014; Image: Eni