Energen to sell natural gas utility business to Laclede Group

April 7 Mon Apr 7, 2014 7:15am EDT

April 7 (Reuters) - Oil and gas company Energen Corp said it would sell its natural gas utility business Alabama Gas Corp to Laclede Group Inc for $1.28 billion in cash to focus on exploration and production.

The deal also includes about $320 million of debt, Energen said. (Reporting By Sneha Banerjee in Bangalore; Editing by Don Sebastian)

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