Isab, four knots to untie for Ludoil
August cleared the field of the two main regulatory hurdles for the change of control of Isab. On August 4, the Antitrust Authority deliberated not to start an investigation into the acquisition of 51%...
Italy's antitrust authority has cleared Ludoil's acquisition of a 51% stake in Isab, a major refining complex in Priolo. The deal, which was also approved by the Golden Power commission on August 5, gives Ludoil control of the site, which has a refining capacity of around 320,000 barrels per day. Isab is considered a national strategic infrastructure, employing over 1,000 people and contributing significantly to Italy's energy autonomy.
Ludoil now faces several challenges, including renegotiating Isab's exclusive supply agreement with Trafigura, which runs until 2033, and investing in the site's transformation into a multi-energy platform. The acquisition price and financing structure have not been disclosed.
Written by urgent.news from Il Sole 24 Ore's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
