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Bloomberg: E.ON Buys Shell’s Stake in Norway Gas Fields for $893 Million

By Fred Pals

Aug. 2 (Bloomberg) — E.ON AG, Germany’s biggest utility, agreed to buy a 28 percent stake in two Norwegian gas fields from Royal Dutch Shell Plc to increase its natural-gas production.

E.ON will pay Shell $893 million for stakes in the Skarv and Idun fields, the Dusseldorf-based company said in a statement today on its Web site.

To contact the reporter on this story: Fred Pals in Amsterdam at [email protected]

Last Updated: August 2, 2007 05:32 EDT

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