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Italy's Eni sees 2.5-billion-euro net proceeds from disposals in 2025

Italy's Eni sees 2.5-billion-euro net proceeds from disposals in 2025 By Francesca Landini MILAN, Oct 25 (Reuters) - Italian energy group Eni ENI.MI expects 2.5 billion euros ($2.7 billion) in net proceeds from additional disposals that will be completed next year, Chief Transition & Financial Officer Francesco Gattei said on Friday. The group announced on Thursday that U.S.
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W. Africa Crude-Angolan Kissanje, other grades offered

W. Africa Crude-Angolan Kissanje, other grades offered LONDON, Oct 25 (Reuters) - A number of Angolan spot cargoes for December were being offered on Friday, some of which were higher than the last known asking prices for November cargoes. * Kissanje was offered at dated Brent plus 50 cents, Olombendo at dated Brent plus $1.70 and Nemba at dated Brent minus 25 cents, a trader said.
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Ares, banks to fund KKR’s buyout of minority stake in Eni's biofuel unit- Bloomberg News

MEDIA-Ares, banks to fund KKR’s buyout of minority stake in Eni's biofuel unit- Bloomberg News -- Source link: https://tinyurl.com/5hkxeufe -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Eni plans new disposals worth more than 2 bln euros in 2025, CFO says

BRIEF-Eni plans new disposals worth more than 2 bln euros in 2025, CFO says Oct 25 (Reuters) - Eni CFO Francesco Gattei tells analysts: ENI CFO SAYS 2024 NET CAPEX WILL BE WELL BELOW 6 BILLION EUROS ENI CFO SAYS GROUP COULD SELL ADDITIONAL STAKE IN ENILIVE, SIZE OF SECOND STAKE WILL LIKELY BE LESS THAN 10% ENI EXEC SAYS IT IS UNLIKELY CHEMICALS BUS
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Italy's Eni has visibility on 75% of asset disposals foreseen by business plan

BRIEF-Italy's Eni has visibility on 75% of asset disposals foreseen by business plan Oct 25 (Reuters) - Eni ENI.MI says in slides presentation on results: ENI SEES PROFORMA LEVERAGE FALLING TO AROUND 15% BY YEAR END 2024 - SLIDE ENI SAYS IT HAS VISIBILITY ON 75% OF ASSET DISPOSALS INCLUDED IN ITS 4-YEAR BUSINESS PLAN - SLIDE Source text for Eikon:
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Eni seen up 1-2% after increased buyback

BUZZ-Eni seen up 1-2% after increased buyback ** Eni ENI.MI is seen rising between 1% and 2% after the Italian oil company reported Q3 results above expectations and said it would increase its share buyback programme to 2 billion euros ($2.2 billion) ** RBC and Stifel traders point to the group's increased buyback as a positive driver for the stock
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Italy's Eni to boost buyback after Q3 profit beats expectations

UPDATE 3-Italy's Eni to boost buyback after Q3 profit beats expectations Adjusted net profit beats consensus in Q3 Eni nudges up buyback to 2 bln euros Asset disposal plan proceeding faster than expected Adds new analyst comment, details on division results By Francesca Landini MILAN, Oct 25 (Reuters) - Italian energy group Eni ENI.MI will increase its share buyback programme by 25% to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter profit expectations.
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Eni Q3 Adjusted Net Profit EUR 1.27 Bln, Above Consensus Estimates

BRIEF-Eni Q3 Adjusted Net Profit EUR 1.27 Bln, Above Consensus Estimates Oct 25 (Reuters) - Eni SpA ENI.MI : Q3 ADJUSTED NET PROFIT EUR 1.27 BILLION VERSUS EUR 1.08 BILLION IN COMPANY-PROVIDED CONSENSUS Q3 PRODUCTION 1.66 MBOE/D VERSUS VERSUS 1.65 MBOE/D IN COMPANY-PROVIDED CONSENSUS Q3 NET CASH FROM OPERATIONS EUR 3.0 BILLION ANNOUNCES ADDITIONAL
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Italy's Eni ups buyback to 2 bln euros after better than expected Q3

Italy's Eni ups buyback to 2 bln euros after better than expected Q3 MILAN, Oct 25 (Reuters) - Italian energy group Eni ENI.MI said on Friday it would increase its share buyback programme to 2 billion euros ($2.2 billion) after reporting better than expected third-quarter results. Adjusted net profit came in at 1.27 billion euros between July and September, beating an analysts' consensus of 1.08 billion euros compiled by the company, but falling from the 1.82 billion euros recorded in the third-
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Eni, Seri Industrial Set Out Agreement On Battery Sector Development

BRIEF-Eni, Seri Industrial Set Out Agreement On Battery Sector Development Oct 25 (Reuters) - Seri Industrial SpA SERK.MI : ENI AND SERI INDUSTRIAL AGREE ON BATTERY SECTOR DEVELOPMENT AGREEMENT FOR DEVELOPMENT OF LITHIUM-IRON-PHOSPHATE BATTERIES AGREEMENT EXPLORES POSSIBLE JOINT VENTURE FOR ENERGY STORAGE PLANT IN BRINDISI Further company coverage:
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Italy - Factors to watch on October 25

Italy - Factors to watch on October 25 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italy's 5-Star Movement will sever ties with its founder , comedian Beppe Grillo, due to his "acts of sabotage", party leader and former premier Giuseppe Conte said in book excerpts published on Thursday
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Eni Approves Distribution Of Second Tranche Of 2024 Dividend

BRIEF-Eni Approves Distribution Of Second Tranche Of 2024 Dividend Oct 24 (Reuters) - Eni SpA ENI.MI : APPROVES DISTRIBUTION OF SECOND TRANCHE OF DIVIDEND, EUR 0.25PER SHARE Further company coverage: ENI.MI Reporting by Gdansk Newsroom
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Eni says will inject 2 bln euros to relaunch chemicals business

UPDATE 1-Eni says will inject 2 bln euros to relaunch chemicals business Adds details MILAN, Oct 24 (Reuters) - Italian energy group Eni ENI.MI said on Thursday it would invest 2 billion euros ($2.2 billion) in five years to decarbonise and relaunch its loss-making chemicals business Versalis. "Eni aims to significantly reduce Versalis' exposure to basic chemicals, a sector that is facing structural and irreversible decline in Europe," the group said in a statement, adding that the unit had suff
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Hypera Updates: Keurig Dr Pepper Oct 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** Brazilian pharmaceutical company Hypera HYPE3.SA said that its board of directors has unanimously decided to reject rival EMS's offer to merge. nS0N3LJ00V ** Keurig Dr Pepper KDP.O is buying a 60% stake in energy-drink maker Ghost for $990 million, with a plan to purchase the rest in 2028, as it looks
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Eni to invest 2 bln euro in five years to overhaul chemical unit

Eni to invest 2 bln euro in five years to overhaul chemical unit MILAN, Oct 24 (Reuters) - Italian energy group Eni ENI.MI said on Thursday it would invest 2 billion euros ($2.2 billion) in five years to decarbonise and relaunch its loss-making chemical unit Versalis. "Eni aims to significantly reduce Versalis' exposure to basic chemicals, a sector that is facing structural and irreversible decline in Europe," the group said in a statement, adding that the unit suffered losses of nearly 7 billio
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Eni Sets Out Relaunch Plan For Versalis Worth Around EUR 2 Bln Investment

BRIEF-Eni Sets Out Relaunch Plan For Versalis Worth Around EUR 2 Bln Investment Oct 24 (Reuters) - Eni SpA ENI.MI : SETS OUT ITS TRANSFORMATION, DECARBONIZATION AND RELAUNCH PLAN FOR UNIT VERSALIS TRANSFORMATION PLAN INVOLVES AROUND EUR 2 BILLION OF INVESTMENT, AIMS TO REDUCE EMISSIONS BY AROUND 1 MILLION TONNES OF CO2, CURRENTLY ABOUT 40% OF VERSA
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Saipem not interested in entering Eni's CCSU business, CEO says

BRIEF-Saipem not interested in entering Eni's CCSU business, CEO says Oct 24 (Reuters) - Saipem Chief Executive Alessandro Puliti tells press briefing: SAIPEM CEO: GROUP EXPECTS TO START OFFSHORE DRILLING ACTIVITIES FOR GALP IN NAMIBIA IN COMING DAYS SAIPEM CEO: GROUP NOT INTERESTED IN ENTERING ENI'S CCSU BUSINESS Further company coverage: ENI.MI R
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Oct 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday: ** Keurig Dr Pepper KDP.O has struck a deal to acquire energy-drink maker Ghost for more than $1 billion, the Wall Street Journal reported, citing people familiar with the matter. nL4N3M012A ** Czech defence and industrial firm Czechoslovak Group (CSG) said it will acquire IFF's IFF.N nitrocellulose business in Germany and the industrial park
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KKR to take 25% stake in Eni biofuel unit, valuing it at $13 bln

UPDATE 2-KKR to take 25% stake in Eni biofuel unit, valuing it at $13 bln KKR to buy 25% stake in Enilive for 2.94 bln euros Deal adds credibility to Eni's 'satellite' strategy - analyst Eni to inject 500 mln euros into Enilive Adds KKR, analyst comments, background on Enilive By Francesca Landini MILAN, Oct 24 (Reuters) - U.S. fund KKR KKR.N is buying a 25% stake in Italian energy group Eni's ENI.MI biofuel business Enilive, in a deal that values the unit at 11.75 billion euros ($12.7 billion)
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Europe before the bell: Tesla and other earnings for breakfast

LIVE MARKETS-Europe before the bell: Tesla and other earnings for breakfast Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE BEFORE THE BELL: TESLA AND OTHER EARNINGS FOR BREAKFAST European shares were set for a minor gains at the open on Thursday on very busy day for earnings, as a strong sales forecast from Tesla TSLA.O that sent its shares rallying offset uncertainty ove
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