Eni (E) Completes Purchase of UK's Neptune Energy for $4.9B

Eni SPA (E) has completed the acquisition of the U.K.-based independent Neptune Energy in a deal valued at $4.9 billion.The acquisition encompasses Neptune Energy’s extensive portfolio, excluding its operations in Norway and Germany. Eni's Norwegian subsidiary, Vaar Energi, acquired Neptune Energy’s assets in Norway.Vaar Energi acquired Neptune Energy's business in Norway separately before the completion of the overall transaction. Activities in Germany were carved out and will continue to be owned and oper ...