Eni looks to close Versalis sale to SK Capital by end of year
Eni, the listed Italian petroleum group, is looking to close the sale of its chemicals subsidiary to fund SK Capital by the end of the year, Italian language daily Il Sole 24 Ore reported. The report cited Eni CEO Claudio Descalzi who added that SK Capital had won a “beauty contest” rather than being specifically selected by Eni.
Dezcalzi added that Versalis was performing well and had posted positive EBIT in 2015, the report concluded.
A previous report claimed that Versalis requires capitalisation of EUR 1.2bn.
Il Sole 24 Ore