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Petroceltic Share News (PCI)
Share News for Petroceltic (PCI)
| Share Price: 6.97 | Bid: 6.95 | Ask: 6.97 | Change: 0.00 (0.00%) |  | ||||||
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Petroceltic gets Algerian nod to sell stake to Enel
Mon, 19th Dec 2011 07:31
DUBLIN, Dec 19 (Reuters) - Irish oil and gas firm Petroceltic has won approval from the Algeri
'We are delighted to announce that the final approval in Algeria of the Enel transaction has been granted which will allow for the deal's swift completion in the coming days,' Chief Executive Brian O'Cathain said in a statement.
The approval means the deal, which was first announced in April, will be completed within five days.
(Reporting by Carmel Crimmins. Editing by Jane Merriman) Keywords: PETROCELTIC/
(carmel.crimmins@thomsonreuters.com)(+353 1 500 1529)(Reuters Messaging: carmel.crimmins.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
DUBLIN, Dec 19 (Reuters) - Irish oil and gas firm Petroceltic has won approval from the Algeri
an government to sell an 18.375 percent stake in its Algerian gas field to Italy's Enel in a deal that could be worth up to $180 million euros.
'We are delighted to announce that the final approval in Algeria of the Enel transaction has been granted which will allow for the deal's swift completion in the coming days,' Chief Executive Brian O'Cathain said in a statement.
The approval means the deal, which was first announced in April, will be completed within five days.
(Reporting by Carmel Crimmins. Editing by Jane Merriman) Keywords: PETROCELTIC/
(carmel.crimmins@thomsonreuters.com)(+353 1 500 1529)(Reuters Messaging: carmel.crimmins.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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