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

Mitsui & Co Ltd MITSY agreed to buy a 9% stake in shale gas fields in Poland from Marathon Oil Corporation MRO. 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 NXY 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 from Benzinga's Company news.