Eni SpA (E), Italy's biggest energy company by market value, doesn't agree with a Spanish regulator's decision not to force Gas Natural SDG SA (GAS.MC) to sell a stake in a natural gas unit, Chief Executive Paolo Scaroni said Friday.

Eni will legally do what is possible to get the Spanish competition authority to change its ruling, Scaroni said at a conference in London, without elaborating.

Spain's competition authority Thursday allowed Gas Natural SDG to hold onto the gas unit of Union Fenosa SA (UNF.MC), in which Eni holds the remaning 50%.

Gas Natural last year agreed to buy 45.3% of Union Fenosa from Spanish construction company Actividades de Construccion y Servicios SA (ACS.MC) and launch a full takeover bid. Antitrust clearance was required for the takeover, valued at about EUR18.26 billion.

Company Web site: www.eni.it

-By Liam Moloney and Spencer Swartz, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com
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