Read
- Taxes on some wealthy French top 100 pct of income: paper
- North Korea fires short-range missiles for two days in a row
|
- Israel warns against Russian arms supply to Syria
- Winning ticket for $590.5 million Powerball lottery sold in Florida
|
- Toyota plans to increase lithium-ion car battery output-Nikkei
Sponsored Links
EDF among bidders for Total's gas business TIGF-paper
PARIS |
PARIS Nov 19 (Reuters) - French power group EDF is part of a consortium that approached Total with a view to buying its gas network and storage business TIGF, French daily Les Echos said on Monday.
The consortium, in which EDF has a minority stake, submitted a letter of intent for TIGF, which is valued at 2-3 billion euros ($2.5-$3.8 billion), the paper said, without citing its sources.
EDF declined to comment and Total could not be immediately reached for comment.
Bidders interested in Total's TIGF had until November 16 to approach France's biggest oil company, two people familiar with the situation told Reuters last month.
The sale is part of Total's larger plan to shed 15 billion to 20 billion euros worth of non-core assets by 2014. ($1 = 0.7871 euros) (Reporting by Dominique Vidalon, Alexandre Boksenbaum-Granier and Cyril Altmeyer)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints


Follow Reuters