Behind the scenes of ENI SNAM Algeria-Tunisia-Italy gas pipeline deal
The agreement, valued at €405 million, provides the transfer to the Italian network operator SNAM of 49.9% of the companies operating the gas infrastructures that link the Algerian border to Italy via Tunisia and the Sicilian Channel.
07/12/2021 at 20h39, by Africa Business+
Several advisors surrounded ENI and SNAM for this unprecedented operation. On the financial side, notably the valuations, according to information obtained by Africa Busines+, ENI was supported by Rothschild & Co. SNAM used the Italian bank Unicredit and Costagama, a boutique created by Claudio Costamagna, a former Goldman Sachs employee.
Recommended articles
Agribusiness
16/11/2023 at 17h00, by Africa Business+
ENI accelerates Kenya biofuel plants with IFC as lead lender and arranger
The $213 million project aims to process 600,000 tonnes of agricultural products annually. It is part...
Energy
13/06/2023 at 15h10, by Africa Business+
Biofuels: ENI studies feasibility of Mombasa refinery conversion
Kenya Petroleum Refineries Limited (KPRL), under government control since 2013, has not operated for...
Oil & Gas
12/12/2022 at 16h41, by Africa Business+
Mohammedia LNG terminal: LPEE wins a geotechnical study contract
The Moroccan Laboratoire Public d’Essais et d’Etudes (LPEE) recently won a strategic gas project contract...
Renewable energies
18/02/2022 at 18h07, by Africa Business+
Algeria’s Solar 1000 MW : what the first specification details reveal
More information from Africa Business+.
Advisory
10/01/2022 at 18h47, by Africa Business+
Algiers opts for Jurismed over Gide and DLA to refine PPP legislation
The Tunisian firm of Maya Boureghda has won the bid against the two business giants.
Oil & Gas
25/10/2021 at 17h07, by Africa Business+
Claudio Descalzi’s African lieutenants at ENI
The 66-year-old Milanese engineer, married to Congolese Marie Magdalena Ingoba, is the former head of...