Carlyle-Backed Neptune Said to Bid for Engie’s Exploration Arm

  • Neptune Oil & Gas submits initial offer, may seek partner
  • Engie is selling exploration assets from Europe to Africa

Neptune Oil & Gas Ltd., the energy acquisition firm set up last year by Carlyle Group LP and CVC Capital Partners, is in talks to buy French utility Engie SA’s oil and gas business, according to people familiar with the matter.

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