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    Eni in preliminary talks to buy Neptune Energy for $5-$6 bln-source

Summary

Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5-$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted.

by: Reuters

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Eni in preliminary talks to buy Neptune Energy for $5-$6 bln-source

LONDON, Nov 30 (Reuters) - Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5-$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted.

Eni did not immediately reply to a request for comment. Neptune declined to comment. (Reporting by Shadia Nasralla, additional reporting by Ron Bousso and Francesca Landini, Editing by Louise Heavens)

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