Edison, Enel Raise Stakes in GALSI
by AFX News Limited
February 19, 2008
Edison SpA and Enel SpA have raised their stakes
in the GALSI gas pipeline project following the withdrawal from the consortium
of Wintershall, GALSI said.
In a statement, GALSI said Wintershall has sold its 13.5-percent stake in the
project to the other GALSI consortium members.
As a result, Edison has raised its stake by 2.8 percentage points to 20.8
percent, Enel by 2.1 percentage points to 15.6 percent, Sonatrach by 5.6 percentage points to 41.6
percent, Sfirs by 1.6 percentage points to 11.6 percent and Hera Trading by 1.4 percentage points to
The GALSI gas pipeline project will transport Algerian gas through Sardinia
to the Italian mainland and is expected to be operative in 2012-2013.
Copyright 2008 AFX News Limited. All Rights Reserved.
Galsi SpA (Edison SpA; Sonatrach; Enel; Hera Trading; Sfirz)
Koudiet Draouche, Algeria to Piombino, Italy Algeria