Eni is executing disposal plan much faster than anticipated, CEO says
July 26 (Reuters) -Eni ENI.MI executives tell a post-results analyst call:
ENI CEO: IPO WILL EVENTUALLY HAPPEN FOR BOTH PLENITUDE AND ENILIVE UNITS
ENI CEO: GROUP IS EXECUTING ITS DISPOSAL PLAN MUCH FASTER THAN ANTICIPATED
ENI BIOFUEL UNIT CEO: BIOFUEL MARKET GOING THROUGH A VERY CHALLENGING PERIOD, POSITIVE REBALANCING EXPECTED ALONG 2025
ENI BIOFUEL UNIT CEO: EU DUTIES ON CHINESE BIOFUELS WILL CREATE A LEVEL PLAYING FIELD WITH CHINA
ENI CEO: GROUP COULD POTENTIALLY CASH IN MORE THAN 8 BILLION EUROS FROM DISPOSALS
ENI CEO: IN 2025 GROUP MAY EXPLORE ADDITIONAL DISPOSALS ON UPSTREAM BUSINESS
ENI CFO: POTENTIAL DISPOSAL OF SECOND STAKE IN ENLIVE IS NOT INCLUDED IN OUR CURRENT ESTIMATES
ENI EXEC DOES NOT EXCLUDE SOME SMALL DEALS TO COMPLEMENT LNG PORTFOLIO, BUT FOCUS IS ON ORGANIC GROWTH
ENI CFO: GROUP WILL CONTINUE TO ASK FOR COMPENSATION OR REDUCTION OF WINDFALL TAX IN ITALY
ENI CFO: PREMATURE TO SPEAK ABOUT PLENITUDE, ENILIVE IPO STRUCTURE ESPECIALLY FOR ENILIVE
ENI CFO: EXTREMELY PREMATURE TO TALK ABOUT STAKES WE WOULD WANT TO RETAIN IN PLENITUDE, ENILIVE IN CASE OF IPO
ENI EXEC: FIRST GAS AT CASSIOPEA FIELD EXPECTED IN EARLY AUGUST
ENI EXEC: POSSIBILITY THAT EGYPT WILL EXPORT SOME LNG CARGOES THIS WINTER HAS REDUCED
ENI EXEC: "QUITE A LONG JOURNEY" IS REQUIRED FOR EGYPT TO PLAY A HUB ROLE FOR GAS
Further company coverage: ENI.MI
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