Vitol operation will be worth $2.7 bn at closing - Eni

(ANSA) - ROME, MAR 19 - A spokesperson for Italian energy giant Eni said Wednesday that it expects the sale of some of its assets in Cote d'Ivoire and the Republic of Congo to be worth around $2.7 billion at closing.
    Earlier on Wednesday, Eni said in a statement that it has agreed to sell certain assets in Cote d'Ivoire and the Republic of Congo for an aggregate consideration of USD1.65 billion at 1 January 2024, with standard cash adjustment at closing.
    The spokesperson explained that the adjustments "will vary depending on the completion date.
    "In any event, we expect them to be approximately $1 billion, with an overall transaction value of approximately $2.7 billion," the spokesperson added.
    The statement said Vitol will acquire an interest in both oil and gas producing assets and blocks undergoing exploration, appraisal and development.
    "These include the Baleine project in Cote d'Ivoire, where Eni has a 77.25% ownership interest and Vitol will acquire a 30% participating interest, and Congo LNG project in the Republic of Congo, where Eni has a 65% participating interest and Vitol will acquire a 25% participating interest," it said. (ANSA).