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Reuters alone with breakdown of Eni/Petrobras talks on Galp

Reuters alone with breakdown of Eni/Petrobras talks on Galp

Reuters broke news on Feb 2 of the breakdown of talks between Eni and Petrobras over the Italian oil and gas group’s $3.8 billion stake in Portugal’s Galp. The news dashed hopes Eni could pull off a quick sale of the stake to help its balance sheet and ease dividend concerns and sent its shares into negative territory. Bloomberg picked up the story and broker Credit Suisse issued a flash note to clients on the news. The following day the development was widely reported by local press and cited by leading local brokers Equita and Intermonte.

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