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Stock impact report

Eni Spins Off Europe, Mideast Refineries [Yahoo! Finance]

ENI S.p.A. (E) 
US:NYSE Investor Relations: eni.com/en_it/investors.page
Company Research Source: Yahoo! Finance
depots in the Middle East and Europe to a new company to streamline these assets' decarbonization. Eni Industrial Evolution SpA now oversees the refineries of Sannazzaro de' Burgondi (Pavia) and Taranto, the parent's stake in the Milazzo Refinery joint venture and the Livorno refinery, the Robassomero plant, and the Research Center South in San Filippo del Mela - all in Italy. Eni Industrial Evolution has also taken over Eni's "primary logistics assets - namely depots and pipelines - and shareholdings in Ecofuel SpA and Costiero Gas Livorno SpA", Italian state-controlled Eni said in an online statement. These assets were previously under Eni's "refining evolution and transformation" unit, Eni said. "The transaction, which entails the optimization of management and the simplification and acceleration of processes characterizing the businesses involved, is part of Eni's strategy to ensure a fully decarbonized energy offering both in production processes and to consumers, seizing Show less Read more
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