Eni and Fluxys G have signed purchase agreements involving the sale to Fluxys Europe of Eni's participations in the Transitgas (Switzerland) and TENP (Germany) gas pipelines. Eni sells to Fluxys G, in the gas pipeline system in Switzerland, 46% stake in Transitgas AG and 100% stake in Eni Gas Transport International,and, in the German gas pipeline, its 100% holdings in both Eni Gas Transport Deutschland and Eni Gas Transport, as well as a 49% stake in Trans Europa Naturgas Pipeline KG and a 50% holding Trans Europa Naturgas Pipeline GmbH. Transitgas AG and Eni GTI own the pipeline and the transportation rights for the Swiss section of the gas pipeline linking Belgium and Netherlands to Italy. TENP KG and Eni D own the pipeline and the transportation rights for the German section of the gas pipeline.
This disposal process is part of the commitments made to the European Commission on the 29 September 2010 and is, therefore, subject to its approval; the sale process is expected to be completed by the end of the year.