Bidders to Offer $2 B for Edison E&P Assets

Bidders to Offer $2 B for Edison E&P Assets

Apex International Energy and Neptune Energy are among companies considering bids to purchase up to $2 billion of Edison’s exploration and production (E&P) assets in Egypt and Italy, sources with knowledge of the matter  told Bloomberg.

The companies have not yet confirmed whether they will submit a bid before the January 2019 deadline.

The auction may include L1 Energy’s DEA Deutsche Erdoel AG.

Edison parent company EDF is selling oil and gas assets to increase investment in its nuclear and renewable energy arms.

Sarah Samir 2950 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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