PARIS May 11 Engie is in advanced
talks with Neptune Oil & Gas about the sale of its oil and gas
exploration and production unit and a deal is imminent, a source
familiar with the situation told Reuters on Thursday.
Confirming a report in French financial daily Les Echos
published late on Wednesday, the source said the talks were
going well and could be concluded soon.
The paper said a board meeting had been held about the
planned sale on Wednesday and that board members had approved
the sale but that some details still had to be agreed upon.
Engie declined to comment.
Banking and industry sources told Reuters last month that
Neptune, set up in 2015 by private equity funds Carlyle Group
and CVC Capital Partner to build a North Sea E&P company
led by former Centrica CEO Sam Laidlaw, was set to announce the
acquisition of a majority stake in Engie E&P within weeks.
(Reporting by Geert De Clercq; Editing by Sudip Kar-Gupta and