Sole financial advisor to SOCAR in the transaction with Api Holding

The IMI Corporate & Investment Banking Division, through its M&A desk, acted as exclusive financial advisor to SOCAR in the transaction with Api Holding.

Specifically, SOCAR signed an agreement with Api Holding to acquire 99.82% of the shares of Italiana Petroli (IP), one of Italy's leading energy companies, thereby strengthening its market presence. The aim is to maintain operational continuity in order to preserve and enhance IP's competitive position and reputation, ensuring high-quality services for its customers, partners, and stakeholders.

This transaction confirms Intesa Sanpaolo's role as a strategic partner for international investors, strengthening its ability to support complex transactions and accompany global players in their development in Italy and Europe.