Ithaca Energy Gains Approval for Eni Asset Swap

Ithaca Energy PLC (GB:ITH) has released an update.

Ithaca Energy PLC has announced the successful shareholder approval of its proposed combination with Eni S.p.A., where Eni’s UK upstream oil and gas assets will be exchanged for shares in Ithaca. The approval was achieved with a 100% majority during the general meeting, moving the company closer to finalizing the deal, subject to other conditions outlined in the Circular. The full details of the resolution can be found on Ithaca Energy’s website.

For further insights into GB:ITH stock, check out TipRanks’ Stock Analysis page.