Dec 1, 2010
Gas Plus drops Eni deal on rules uncertainty
Italian gas company Gas Plus has not exercised an option to buy Eni offshore assets in Italy due to uncertainty over exploration rules, the company said sending its shares lower.
Gas Plus said in a statement on Wednesday conditions did not exist at the moment for it to exercise an option to buy Societa Adriatica Idrocarburi by a Nov. 30 deadline.
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Source: Reuters
Category:
Offshore and Energy
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