--Italy's Eni SpA is in preliminary talks to buy Neptune Energy Group Ltd. for around $5 billion-$6 billion, Reuters reports, citing an unnamed source.

--The private-equity backed firm produces oil and gas, with operations in Norway, the U.K., Indonesia and Algeria among other countries.

--Neptune Energy is owned by China Investment Corp., the Carlyle Group Inc. and CVC Capital Partners.

Full story: https://reut.rs/3EQXjKA

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

December 01, 2022 01:51 ET (06:51 GMT)

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