Announced
Financials
Tags
Gas Distribution
Pending
Friendly
United States
Electricity Distribution
Private
power and utilities
Acquisition
Majority
Cross Border
Single Bidder
Synopsis
BP, an oil and gas giant, agreed to acquire EDF Energy Services, an energy distribution company, from Electricite de France, an energy company. Financial terms were not disclosed. "We are excited to welcome the team to bp. This is exactly the type of high calibre business that will help drive bp's transformation, giving more customers the secure, affordable and lower carbon energy they want while creating value for our shareholders," Dave Lawler, BP America Chairman and President.
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