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2015-03-03 20:55:00

RUSSIA SEEK REVIEW

RUSSIA SEEK REVIEW

Russian billionaire Mikhail Fridman said on Monday he would buy a number of gas licenses in the North Sea despite British opposition, threatening legal action if London should force him to sell them on to a third party.

German utility RWE on Monday finalised the sale of its oil and gas production unit DEA to Fridman's investment vehicle LetterOne, ending months of uncertainty over whether the 5.1 billion euro ($5.7 billion) deal would go ahead.

The transaction, first announced a year ago, coincided with sanctions imposed on Russia for its actions in Ukraine, sparking concern in some EU countries about whether…

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Tags: RUSSIA, LETTERONE, RWE, OIL, GAS, SANCTIONS,
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