Eni Sees Possible US Authorities Deal On TSK Nigeria Case
March 12 2010 - 11:28AM
Dow Jones News
Eni SpA (E), Italy's biggest energy company by market value,
expects to reach a deal with U.S. authorities over the TSKJ
consortium graft probe, Chairman Roberto Poli said Friday.
"It is probable a closing with U.S. authorities" will take
place, said Eni's chairman, who was speaking at a press conference
in Milan following the company's presentation of its 2010-2013
growth plan.
U.S. authorities have been investigating whether the TSKJ
consortium--made up of Technip SA (TEC.FR), JGC Corporation
(1963.TO) of Japan, Saipem SpA's (SPM.MI) Snamprogetti unit and
U.S. company KBR Inc.(KBR)--broke anti-bribery rules.
Eni sold Snamprogetti to its unit Saipem.
Thursday, Eni said a one-time provision taken in relation to
legal proceedings against the TKSJ consortium in Nigeria cut EUR250
million from its net profit for 2009.
As a result, its net profit fell to EUR4.37 billion in 2009
compared with the EUR4.62 billion the company reported in a
preliminary estimate in February.
Company Web site: www.eni.it
-By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924;
liam.moloney@dowjones.com
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