Abu Dhabi Investment Authority interested in Eni's Snam stake
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Sun June 17, 2012 7:21 pm

INTERNATIONAL. The Abu Dhabi Investment Authority and other Mideast sovereign-wealth funds have shown interest in buying Eni SpA (ENI)’s remaining stake in Snam SpA (SRG), newspaper Il Sole 24-Ore reported, without saying where it got the information.

Italy’s biggest oil company plans to sell its remaining 20% holding and may break it into 5% portions, Il Sole reported.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
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