Company Statement: Eni purchases ExxonMobil downstream activities in Austria
( January 21, 2010, 15:00 GMT | Official Statement) -- Extract: Eni is pleased to announce it today has signed sale and purchase agreement for the shares of Mobil Oil Austria GmbH ("Mobil Austria") and Esso Austria GmbH ("Esso Austria"), respectively to Agip Austria GmbH ("Agip Austria") and to Eni International B.V..Rome, 21 January 2010 - Eni is pleased to announce it today has signed sale and purchase agreement for the shares of Mobil Oil Austria GmbH ("Mobil Austria") and Esso Austria GmbH ("Esso Austria"), respectively to Agip Austria GmbH ("Agip Austria") and to Eni International B.V.. Through the transaction, Eni will acquire ExxonMobil oil downstream activities in Austria. This includes a retail network with 135 service stations, the Industrial & Wholesale (I&W) business (with 36 additional Esso branded retail service stations owned by I&W resellers) and the aviation business at the Vienna and Linz airports, including the 28.6% share in the proprietary joint venture for logistical assets at the Vienna airport. Also included is the Supply & Distribution business with its 33.3% participation in the Salzburg terminal joint venture. The lubricants and specialties business is excluded from the transaction....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
Curated case files bringing together news, analysis and source documents in a single timeline