Eni shares higher as CEO placed under investigation for Congo dealings

FILE PHOTO: The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi - Copyright Alessandro Bianchi(Reuters)

By Reuters

Published on 27/09/2019 - 09:34•Updated 19/05/2024 - 05:30

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MILAN (Reuters) - Shares in oil and gas group Eni <ENI.MI> opened higher on Friday after the company said its chief executive had been placed under investigation over dealings in Congo.

On Thursday Eni said CEO Descalzi was being probed by prosecutors for an alleged conflict of interest issue relating to Congo.

At 0707 GMT Eni shares were up 0.5%.

Var Energi, 70% controlled by Eni, said on Thursday it had agreed to buy Exxon Mobil's <XOM.N> Norwegian oil and gas assets for $4.5 billion.

(Reporting by Stephen Jewkes, editing by Francesca Landini)

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