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France's Total sells Utica assets to Korean companies for $450 million

2014-09-23 23:39:43| Oil & Gas - Topix.net

France's energy giant Total plans to sell its 25 percent interest in Cardinal Gas Services, a midstream company in Ohio's Utica shale play, to a group of Korean companies for $450 million. Total is selling its stake to Korean energy companies E1 Corp. and a consortium led by Samchully, for about $400 million, plus an estimated price adjustment of $50 million.

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