Bank Of Baku

GDF Suez buys stake in Nabucco West project

GDF Suez buys stake in Nabucco West project
# 28 May 2013 09:47 (UTC +04:00)

 

 With the purchase, GDF Suez replaces German utility company RWE AG , which sold its 17% share in the pipeline to OMV--one of the main shareholders of the proposed pipeline--in April for an undisclosed sum. The transaction between OMV and GDF Suez is expected to close in the second half of 201.

 

Partners in the project that aims to bring Azerbaijani gas to Europe now include BEH of Bulgaria, Turkey's BOTAS, FGSZ of Hungary, GDF SUEZ, OMV and Transgaz of Romania. 

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