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Italy's Eni Seeks Partner for Petrochemical Business

Eni, January 13, 2016

Eni, a fully integrated, multinational energy company headquartered in Rome, Italy, is seeking to identify a partner for its petrochemical arm, Versalis. Eni said a partnership would strengthen the business further and ensure the continuity of its investment and restructuring plans. Such a partner must have the availability and expertise to enable Versalis to either broaden or exchange its technology portfolio, so as to generate new development and investment opportunities.

The search for a partner for Versalis, in which Eni intends to retain a significant stake to ensure its objectives are successfully met, will take into account the following fundamental factors:

  • confirmation of the investment plan,
  • retention of the industrial layout for at least five years,
  • the maintenance of current employment levels for at least three years, and
  • retention of the Italian company headquartered in Italy.

Eni confirmed at a recent meeting at the Ministry of Economic Development that it will continue to ensure ongoing dialogue with all stakeholders so they are kept abreast of future developments in a timely manner.

 

 


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