2 July 2007 - Gide Loyrette Nouel advises Eni on its partnership with Altergaz:

Gide Loyrette Nouel advised the Italian oil and gas supplier, Eni (listed on the Milan and New York exchanges) in connection with its strategic partnership with Altergaz (listed on the Euronext “Free Market”), the leading independent gas supplier in France. This partnership will further the company’s development strategy and growth potential in the French gas market and strengthen its leadership in European gas supply. A ten year gas supply contract will also sustain and accelerate the commercial development of Altergaz to take advantage of the liberalisation of the residential gas market in France. 
 
Eni will initially acquire a 2.5% stake in Altergaz and then benefit from an € 18.9 million reserved capital increase affording it a 27.8 % stake in Altergaz. A shareholders’ agreement is also due to be signed by the transalpine group and the Altergaz founders to exercise joint control over the company.    

Legal counsel to Eni:
Gide Loyrette Nouel (Christophe Eck and Cira Veronica Caroscio). 

Legal counsel to Altergaz:
Derriennic & Associés.