Eni to sell Belgian gas and power retail operations to Eneco

By Staff reporter 3 April 2017

Eni is continuing its divestment plan by selling its gas and power retail operations in Belgium to Dutch energy company Eneco, the Italian major said in a statement.

The two companies have signed a sale-and-purchase agreement that includes Eni Gas & Power and its subsidiary Eni Wind Belgium.

The company serves about 850,000 electricity and gas connection points, has a market share of around 10% and employs around 200 staff.

Eni’s divestment programme for 2017 calls for €5-7 billion ($5.3-7.4 billion) in sales, according to the financial strategy...

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