Wednesday , June 26 2019

EDF unit draws bidders for its oil and gas assets

Bloomberg

Electricite de France SA’s Italian unit has attracted potential bidders including Neptune Energy and Warburg Pincus’s Apex International Energy for its oil and gas business, people familiar with the matter said.
Bidders for Edison SpA’s exploration and production assets, primarily located in Egypt and Italy, may offer as much as $2 billion, the people said, asking not to be identified because the auction is private. Other competitors including L1 Energy’s DEA Deutsche Erdoel AG could also look at the business, though the firms may still choose not to make offers ahead of a deadline this month, they said.

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