Eni to cut dividends, investments, assets

Italian energy company says production to increase

(ANSA) - London, March 13 - Italian energy firm Eni said Friday that it would cut its 2015 dividend, reduce investments, dispose of assets, but increase production.
    In a presentation on its long-term plans, Eni said that this year's dividend would be reduced to 0.80 euro per share, a significant drop from last year's dividend of 1.12 euros per share.
    As well, asset sales between 2015 and 2018 are expected to total eight billion euros while planned investments will be reduced over the same period by 17%.
    At the same time, Eni projects production to increase by 3.5% per year.


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