Eni and Vår Energi Earlier Announced Agreement To Acquire Neptune Energy Group
Portfolio Pulse from Charles Gross
Eni and Vår Energi have agreed to acquire Neptune Energy Group for a combined enterprise value of $4.9 billion. The Neptune Global Business is valued at $2.6 billion, while the Neptune Norway Business is valued at $2.3 billion. The transactions will be paid in cash at completion.
June 23, 2023 | 9:42 am
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NEUTRAL IMPACT
Eni is set to acquire Neptune Energy Group along with Vår Energi for a combined enterprise value of $4.9 billion, which could impact Eni's financial position.
The acquisition of Neptune Energy Group by Eni and Vår Energi will have a significant impact on Eni's financial position, as the company will be paying a substantial amount for the acquisition. However, the short-term impact on the stock price is uncertain, as the market may react positively or negatively to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100