Tuesday 18 September 2012

UPDATE 1-Sovereign funds eying Eni shares in Snam - source | Reuters

Sovereign funds of Singapore, Qatar and Abu Dhabi are interested in buying part of the shares Italian oil major Eni will sell to exit gas transport group Snam, a source close to the matter said on Tuesday.

"The Singapore fund has shown a very strong interest given that it's very much a regulated asset investor," the source said.

In May the government called on state-controlled Eni to sell down its stake in Snam in a move aimed at spurring competition in the domestic gas market and taking a lead in building a European gas transport champion.

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