MILAN, Oct 3 Reuters Italy39;s Eni said on Thursday it would have a stake of around 38.7 in Ithaca Energy after completing the sale of nearly all of its upstream assets in the UK to the Londonlisted company.

Eni and Ithaca agreed the deal in April when they said the transaction was worth around 754 million pounds 992.41 million in shares.

Ithaca is buying all of Eni39;s oil and gas producing assets in Britain, excluding its East Irish Sea assets and its carbon capture and storage CCUS activities.

Eni is a fully committed, longterm and supportive shareholder of Ithaca, it said in a statement.

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Reporting by Gianluca Semeraro; editing by Gavin Jones

Source Reuters