(Finance) – Edisonamong the main energy companies in Italy and Europe, has announced that it is the transfer of the shareholding became effective of 11.25%, held in Reggane Nord license in Algeriato Repsol (6.75%) and in Wintershall Dea (4.50%). The announcement came after the approval by the Algerian authorities of the agreements signed on 4 May and 29 June 2022.
The Reggane Nord field produces gas which is entirely sold to Sonatrach under a long-term contract. Edison emphasized that it remains the value of the operation remains unchanged previously communicated, equal to approximately 100 million dollars (as of the reporting date of 1/1/2022), as well as all other terms and conditions.