Eni and Shell Acquitted of Nigeria Bribery Charges in Milan (3)

Eni SpA, Royal Dutch Shell Plc and several of their current and former executives were acquitted of corruption charges related to a Nigerian oil deal by a court in Milan.

The verdict ends a three-year legal saga that loomed large over the tenure of Eni Chief Executive Officer Claudio Descalzi, who was among those found not guilty on Wednesday. Italian prosecutors had sought an eight-year jail term for him.

Several former executives of the companies were also cleared of wrongdoing, including Malcolm Brinded, who ran Shell’s exploration and production division at the time, and Paolo Scaroni, ...