ECONOMY

Energean acquires Edison E&P

energean-acquires-edison-e-amp-038-p

London-based Greek-owned company Energean completed its acquisition of Edison Exploration & Production SpA from Edison SpA, it said on Thursday, with a final net consideration of $203 million.

Energean chief executive Mathios Rigas commented that “completion of our acquisition of Edison E&P marks a key milestone on our path to becoming the leading independent gas producer in the Mediterranean and significantly advances us toward our goal of delivering material-free cash flows and shareholder returns in a sustainable way.”