July 4, 2019 / 6:15 AM / 19 days ago

Energean to buy Edison's oil and natural gas unit for $750 million

July 4 (Reuters) - Israel-focused gas driller Energean said on Thursday it will buy Italian energy group Edison’s oil and natural gas unit for an initial consideration of $750 million.

The acquisition would significantly expand Energean’s operations in the growing eastern Mediterranean gas hub, with a significant presence in Egypt’s offshore basin. (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Arun Koyyur)

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