Παρ, 23 Δεκεμβρίου 2011 - 18:10
German utility RWE AG has initiated the sales process for the Egyptian assets of its oil and gas production unit Dea, three people familiar with the matter told Dow Jones Newswires.
The information memorandum for the two undeveloped Egyptian fields have been sent to potential buyers last week and first round bids are likely to be due late January, the people said. RWE is looking for a price of up to about $1 billion, according to one of the people, though it is unclear whether they could get that much