Italy's Eni has completed the sale of its 89pc share in the Trans-Austria gas pipeline (Tag) to Cassa Depositi e prestiti (CDP), it said today.
The deal was
approved by the European Commission on 20 December.
CDP paid €710mn ($926mn), including €177mn to repay shareholder loans, for the stake in the pipeline, which ships Russian gas to Italy through Austria.
Ship-or-pay contracts between Eni and Tag remain in place, Eni said.