EDP confirms talks with Sonatrach on possible partnership |
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Published
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Wed, 24 Jan 2007 08:27
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LISBON (AFX) - EDP Energias de Portugal SA confirmed that it is in 'preliminary conversations' with Algerian energy group Sonatrach regarding a possible parnership in the natural gas business.In a filing with stock market regulator CMVM, EDP said that 'these conversations continued during the Portuguese Government's visit to Algeria, concluded (Monday). The works developed by both companies enabled the definition of some general aspects orienting the contacts to be maintained.'The company did not provide further details regarding the talks.Last weekend, after arriving in Algiers to attend the Portugal-Algeria summit prime minister Jose Socrates said that the Portuguese and Algerian governments support a strategic partnership between EDP and Sonatrach.Press reports have said that Sonatrach could acquire a 5 pct stake in EDP.luis.morais@thomson.comlm/anCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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EDP, Sonatrach partnership backed by Portugal, Algeria govts - Socrates 