By Liam Moloney and Giovanni Legorano
CERNOBBIO, Italy--Chairman Giuseppe Recchi Eni SpA (E) Friday
declined to comment on a report saying Italy's biggest energy
company by market share is in talks with China National Petroleum
Corp. to sell a stake of its large natural gas holding in
Mozambique.
Mr. Recchi declined to comment on the sidelines of an Ambrosetti
Workshop in Northern Italy.
Earlier in the week Bloomberg News, citing two people with
knowledge of the matter, reported CNPC was in discussion with Eni
about buying a 20% stake in the Italian company's gas assets in
Mozambique in a deal valued at up to $4 billion.
Eni's chairman also confirmed the company isn't planning to spin
off oil services company Saipem SpA (SPM.MI), which it
controls.
Write to Liam Moloney at liam.moloney@dowjones.com and Giovanni
Legorano at giovanni.legorano@dowjones.com
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