Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted.
Neptune produces around 130,000 barrels of oil equivalent per day (boed), three-quarters of which is gas. It has operations in Norway – home to Eni's Var unit – Britain, Indonesia – where Neptune shares licences with Eni – Algeria, the Netherlands and elsewhere.
Neptune is owned by China Investment Corporation (CIC), the Carlyle Group and CVC Capital Partners.
Source: Reuters
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