By Pietro Lombardi

Eni SpA said Monday that it has reached an agreement with FRI-EL Greenpower to buy Italian biogas producer FRI-EL Biogas Holding.

The Italian oil-and-gas major said the deal was reached via its subsidiary Ecofuel, which manages the group's investments in the circular economy, and is part of its decarbonization strategy.

The acquisition is subject to antitrust approval and other conditions.

No financial details were disclosed.

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

(END) Dow Jones Newswires

03-22-21 0736ET