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Milan appeals court rejects Nigeria’s compensation request against Eni By Reuters

© Reuters. FILE PHOTO: Eni’s logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini/File Photo
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MILAN (Reuters) – An appeals court in Milan on Friday rejected Nigeria’s compensation request against Italian energy group Eni in civil proceedings relating to a $1.3 billion Nigerian oilfield deal.

The decision was read out in court.

In July, prosecutors had dropped related criminal proceedings, clearing Eni and Shell (LON:), as well as managers including Eni Chief Executive Claudio Descalzi.

Story Credit: investing.com

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