Eni SpA (MEX:E)
MXN 632.5 0 (0%) Market Cap: 976.32 Bil Enterprise Value: 1.42 Til PE Ratio: 16.82 PB Ratio: 0.80 GF Score: 77/100

Eni SpA and Var Energi ASA to Acquire Neptune Energy Group Ltd Call Transcript

Jun 23, 2023 / 11:00AM GMT
Release Date Price: MXN484.63
Operator

Good afternoon, ladies and gentlemen, and welcome to the conference call covering today's announcement of Eni's purchase of Neptune Energy, hosted by Mr. Claudio Descalzi, Chief Executive Officer. (Operator Instructions) I am now handing you over to your host to begin today's conference call.

Claudio Descalzi
Eni S.p.A. - CEO, GM & Director

Thank you. Good afternoon, and welcome to our conference call to discuss today's announcement concerning the agreement of Eni and VÃ¥r to acquire Neptune Energy. I'm sure you will have had a chance by now to read our press release published this morning and see related information published by VÃ¥r Energi.

Together, we have agreed to purchase Neptune Energy with VÃ¥r acquiring the Norwegian asset and Eni acquiring the remaining portfolio with the exception of German operation. Between us, we are paying $4.9 billion to acquire Neptune, including debt, with Eni paying $2.6 billion for the international business. That equates to an attractive 2P acquisition price of $10.1 per barrel for a business expected to

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot