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Italian Eni to sell stakes in Gas Pipelines to avoid EU sanctions

Italian oil and gas giant Eni Spa on Thursday said it plans to sell stakes in three major pipelines as part of a potential settlement with European Union regulators.

 

 

Italian oil and gas giant Eni Spa on Thursday said it plans to sell stakes in three major pipelines as part of a potential settlement with European Union regulators over alleged anti-competitive behavior by the company's natural-gas pipeline business.


If EU regulators approve the plan, Brussels will drop charges against Eni alleging the company abused its dominant market position by refusing to sell rivals access to its pipelines. In Brussels, regulators said they will put Eni's proposal to a «market test," seeking opinions on the plan from Eni's competitors.
 

Source : Wall Street Journal