BG Concludes Sale of Italian Interests

BG Group plc has completed the sale of its entire shareholding in BG Rimi S.p.A., to CPL Concordia Soc. Coop. ARL of Modena (CPL).

The assets, which were sold for 34 billion lire (£10.98 million), include nine exploration permits and 18 production concessions, the majority of which are located in central and southern Italy.

On October 26, BG announced that it had agreed to sell these assets to CPL. BG Rimi S.p.A., will be renamed Gas della Concordia S.p.A.