Trinity advised Eni on oil assets sale in Congo to Perenco for approx. USD 300m

On 27 June 2023, Eni signed with Perenco an agreement for the sale of Eni’s participation interests in several assets in Congo, non-core to the company’s strategy in the country.

The transaction value is approximately $300 million USD, including firm and contingent consideration, subject to customary adjustments. Closing is subject to the authorisation of relevant local and regulatory authorities.

Trinity International advised Eni on this transaction, in liaison with Thierry Mamimoue at AfrikaBlue for Congolese law advice.

The Trinity team was led from Paris by Lucien Bou Chaaya (Partner) and London by Adekanmi Lawson (Senior Associate), supported by Giuliano Lastrucci (Senior Associate, Paris), Anne-Gaëlle Cottenceau (Senior Associate, Paris) and Francesca Ngahane (Associate, Paris), and supervised by Stéphane Brabant (Senior Partner, Paris).