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Samples in periodicals archive:
ON has entered into an asset swap deal with Austria s Verbund AH.
The Asset Swap provides for the transfer of the Santos Entities' interest in the Palm Valley field and in the Dingo field of 48% and 66%, respectively, to Magellan NT and the transfer of Magellan NT's 35% interest in the Mereenie field to the Santos Entities.
The asset swaps are in line with Gazprom's ongoing strategy, in which it is trying to push global expansion by obtaining stakes in foreign energy projects owned by prospective partners.
The asset swap transaction between EDP Energias do Brasil and Grupo Rede was concluded in September, enabling Energias do Brasil to take over the control and management of Investco (owner of the Lajeado Hydroelectric Power Plant) and Lajeado Energia (formerly Rede Lajeado) and consolidate 100% of both assets.
Summary: Gazprom's entry into Libya's Elephant oilfield under an asset swap with Eni could be clinched in October, the Italian company's CEO said last week.
The asset swap, which takes place in September, will see the hotels stop trading as Express by Holiday Inn and join Whitbread's Premier Inn estate, boosting its rapid expansion by 1,245 rooms.
Carrefour and Tesco had agreed an asset swap in September 2005 under which Carrefour was to give the four hypermarkets, and 11 stores in the Czech Republic, to Tesco in return for six stores and two undeveloped sites in Taiwan.
State-owned Rosneft has a 20% stake in Sakhalin-1 while Gazprom has been in negotiations to acquire a 25% stake in Sakhalin-2 in an asset swap with Shell.