ENI increases stake in French alternative gas supplier

Client(s) ENI S.P.A.

Jones Day advised ENI S.p.A., an integrated energy company, in connection with its indirect holdings in Altergaz, the French alternative gas supplier. In December 2010, pursuant to a shareholding agreement, the ENI group acquired the interests held by the founders, bringing its interest to 55% of Altergaz's share capital, corresponding to approximately 66% of the company's voting rights.