Tuesday, April 13, 2010

Reliance to pay US$1.7 bln for 40% stake in Atlas Energy acreage

Indian energy giant Reliance Industries is to pay US$1.7 bln to form a joint venture in the U.S. with Atlas Energy operations in the booming Marcellus Shale. US$340 mln will be paid in cash, while US$$1.

For more details on Reliance to pay US$1.7 bln for 40% stake in Atlas Energy acreage click here

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