Po Valley reorganises Italian oil and gas assets into Aim-listed Saffron

Gas producer Po Valley Energy has announced a re-organisation of its Italian oil and gas assets into a larger Aim-listed company. The restructure would see Po Valley’s Aim-listed subsidiary Saffron Energy become the three-way host vehicle for its own Italian energy assets, as well as the three assets held by Po Valley, along with three gas exploration and two gas production assets owned by Aim-listed Sound Energy.