Edison E&P closing agreement with Energean in 2020
Milan, December 23, 2019 – Edison announces that the sale and purchase agreement (“SPA”) announced on 4 July 2019 to sell Edison E&P S.p.A. (“Edison E&P”) to Energean Capital Ltd ("Energean") is still subject to some governmental approvals.
Edison has been invited by Algerian authorities to discuss with Sonatrach the agreement in respect of the E&P assets located in Algeria (the “Algerian Assets”).
Edison and Energean are collaborating to meet the SPA’s conditions and confirm the objective to close the transaction as soon as possible in 2020.
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