Energy: Sonatrach buys ABB’s shares (Italy) in Sarpi company

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The Algerian company for the realization of industrial projects “Sarpi”, a joint-stock company created in June 1992, in partnership between Sonatrach and ABB (Italy), now belongs 100% to Sonatrach group, after the acquisition of 50% of ABB’s shares in this joint venture.

Thus, a deal was inked, Tuesday, in Algiers, between the both partners for the sale of shares of ABB in the company ‘Sarpi’, to the national company Sonatrach, and this, in the presence of Sonatrach’s CEO, Abdelmoumene Ould Kaddour, as well as ABB Group President in the MENA region, Joachim Braun.

Samira SALAH

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