Eni Completes Distrigas Deal With GDF Suez

Law360, New York (October 30, 2008, 12:00 AM EDT) -- Italian diversified energy company Eni SpA has completed its deal to acquire newly formed French energy group GDF Suez’s Belgian company Distrigas SA, the companies announced Thursday.

Under the deal, which closed Thursday, Eni has purchased a 57.243 percent stake in the Belgian company for about € 2.7 billion ($3.4 billion), or about €6,809.64 ($8,654.69)per share. Eni will later launch a tender offer for remaining shares in accordance with Belgian corporate law, Eni said.

The acquisition received approval from the European Commission on Oct. 15....
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