Mitsui To Acquire 9% Of Poland Shale-Gas Fields From Marathon Oil

Mitsui & Co Ltd

agreed to buy a 9% stake in shale gas fields in Poland from Marathon Oil Corporation

. The company did not comment on financial terms of the deal. Marathon Oil will lower its stake to 51%. In April, MRO announced that Canadian producer Nexen Inc

would buy a 40% working interest in the concessions. The closing of the deal is contingent on approval by Poland's government. MRO shares dropped 0.64% to close at $50.87 yesterday, MITSY shares gained 0.50% to close at $331.50 yesterday and NXY shares fell 0.41% to close at $21.27 yesterday. Read more