November 23, 2012 / 12:10 PM / 5 years ago

Total picks bidders for TIGF gas network-sources

LONDON/PARIS, Nov 23 (Reuters) - French oil major Total has chosen four bidders for its TIGF gas network and storage business in southwest France, which is seen worth around 2.5 billion euros ($3.2 billion), three sources familiar with the matter said.

French insurer AXA’s private equity arm, EDF’s nuclear fund, French state bank Caisse des Depots and Spanish utility Enagas are leading four consortia that will take part in the second round of the auction, the people said.

Total is expected to decide on TIGF’s new owner around mid-January, the people said on Friday. (Editing by James Regan)

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