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Neptune to buy Engie’s oil and gas unit for $5.1bn

UK-based Neptune Energy has agreed to acquire a 70 per cent stake in French utility Engie’s exploration and production business for an aggregate value of €4.7 billion ($5.1 billion), including €1.1 billion in decommissioning liabilities. Neptune Energy is a UK-based company backed by funds advised by The Carlyle Group and CVC Capital Partners, and a sovereign investor, dedicated to investing ...

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