MILAN (Thomson Financial) - Eni SpA is expected to increase its stake in
India's Hindustan Oil Exploration it recently acquired by taking over Burren
Energy to 35 pct from 27.15 pct, the MF daily said in an unsourced report.
The Italian oil company could offer Hindustan Oil Exploration shareholders a
30 pct premium and pay 12 mln eur for the 7 pct stake.
Under Indian laws, an investor who acquires 15 pct of a listed company is
required to launch a public offer for a further 20 pct stake, it said.
According to the paper, however, Eni could be interested in acquiring the
entire company.
danilo.masoni@thomson.com
dm/ra
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