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Harel in Talks with Noble to buy stake in Tamar Gas Field

Posted by June 26, 2016

Israeli insurer Harel said on Sunday it is in talks to buy up to 4 percent in the Tamar natural gas field from Texas-based Noble Energy (NBL) .

A final agreement has yet to be reached, Harel said in a statement to the Tel Aviv Stock Exchange, and any deal would require regulatory approval.

The negotiations are for a 3 percent share in the project with an option to buy another one percent, the company said.

(Reporting by Ari Rabinovitch; Editing by Tova Cohen)

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