Italian energy major Eni has held preliminary talks to potentially buy UK-based gas-focused producer Neptune Energy for up to $6 billion, Reuters reported on Wednesday, quoting a source familiar with the matter. A deal is far from certain because talks are at an early stage and because of differences in valuation.
Both Eni and Neptune Energy declined to comment for Reuters on the report. Neptune Energy operates mainly in the UK and Norway, where most of its hydrocarbon production consists of natural gas. Eni is also active offshore Norway via its…Eni Holds Preliminary Talks To Buy UK Gas Producer For Up To $6 Billion
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