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Greece’s Energean Bids for EDF Oil & Gas Assets

  • EDF has been seeking a sale to focus on nuclear projects
  • Some other potential suitors have dropped out of bidding
Pipework stands on top of a storage silo as construction work continues at the liquid natural gas (LNG) terminal, a unit of Electricite de France (EDF) SA, in Dunkirk, France, on Tuesday, March 15, 2016. 

Photographer: Jasper Juinen/Bloomberg

Energean Oil & Gas Plc, the Greek energy producer that sold shares in London last year, is bidding for the oil and gas business of Electricite de France SA’s Italian unit, people familiar with the matter said.

Energean has submitted a final offer for Edison SpA’s exploration and production assets, the people said, asking not to be identified as the matter is private. Some other suitors have dropped out of the process, the people said, asking not to be identified because the information is private.