HUBCO’s subsidiary to acquire upstream operations, renewable energy assets of ENI Pakistan

By MG News | March 08, 2021 at 03:24 PM GMT+05:00

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March 8, 2021 (MLN): Hub Power Holdings Limited, a wholly owned subsidiary of The Hub Power Company Limited together with ENI’s local employees (in a 50:50 joint venture) has executed definitive agreements to acquire all the upstream operations in Pakistan of Eni and renewable energy assets owned by Eni in Pakistan.

By way of background, Eni is a global energy company, which has been operating in Pakistan since the year 2000 in the Exploration & Production Sector.

The above transaction is subject to requisite compliance(s) with applicable legal and regulatory processes and approval from competent authorities.

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