Related Articles
Eni owns 69.85pc of Norwegian continental shelf (NCS) production joint venture Var Energi
Forward article link
Share PDF with colleagues

Var looks at IPO

The Norway-focused IOC/private equity company is mulling a flotation

Italy’s Eni and Point Resources, a portfolio company of Norwegian private equity (PE) firm Hitec Vision, will initiate a strategic review regarding the future ownership structure of their Norwegian continental shelf (NCS) production joint venture Var Energi. The review will consider various alternatives to “better pursue future growth and maximise value creation”, including a possible IPO. Eni owns 69.85pc of Var, while Point holds the remaining 30.15pc. Whatever the outcome of the review, the Italian firm says it intends to retain a majority stake, while preserving equity accounting. Var was established in 2018 through the merger of Eni’s NCS business and independent producer Point. The l



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Russia plays catch-up
30 November 2021
The Eurasian giant has announced an aggressive decarbonisation plan while striving to relieve Europe’s power crunch
Investors unfazed by Vietnamese challenges
29 November 2021
Foreign companies are enthusiastic about Vietnam’s LNG prospects, but risks persist
Deals booming in the Haynesville
29 November 2021
Strong global gas prospects and high-quality inventory are driving a big swing in M&A activity in the basin
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video