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Eni has agreed to divest a 49.99% interest in Eni CCUS Holding to Global Infrastructure Partners, a subsidiary of BlackRock. Upon completion of the transaction, pending regulatory approvals, both companies will share control of the business.
The chemical sector, often seen as a barometer for global economic health, has recently entered a phase of instability. BASF SE's recent profit decline and updated forecasts highlight not just a challenge for the company but a broader reckoning within the industry.