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A&D - Energean reworking Edison buy after Neptune nixes North Sea - June 2020



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Private equity-backed Neptune Energy dropped its proposed $250 million acquisition of Edison E&P’s UK and Norwegian producing, development and exploration assets from Mediterranean-focused Energean Oil & Gas. The sale to Neptune was contingent on the completion of Energean’s $850 million acquisition of Edison, an Italy-based upstream subsidiary of Electricite de France SA. Energean said that it is working to complete the transaction, announced last July, as soon as possible. Neptune said in a May......
 
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