Deals
EDF Unit Is Said to Draw Neptune, Warburg for Oil and Gas Assets
- Bids for the Edison exploration business are due in January
- Other rivals including DEA may also look at exploration unit
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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.