Eni Submits Request to Settle Congo Investigation
March 18 2021 - 2:13PM
Dow Jones News
By Giulia Petroni
Eni SpA said Thursday that it filed a request to Italian
prosecutors to pay 11.8 million euros ($14.1 million) in order to
settle an investigation related to some of its activities in
Congo.
The Italian oil-and-gas major said the move comes after a Milan
court reduced the alleged offence to undue inducement from
international corruption.
"Eni adhered to the hypothesis of agreed sanctions submitted by
the public prosecutor, and has submitted its request," it said.
The company added that the settlement doesn't represent an
admission of guilt but aims to avoid continuing a legal process
that would entail further expenditure of resources.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 18, 2021 13:58 ET (17:58 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Eni (BIT:ENI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Eni (BIT:ENI)
Historical Stock Chart
From Sep 2023 to Sep 2024