Home News GDF Suez and International Power to negotiate merger – Circles

GDF Suez and International Power to negotiate merger – Circles


PARIS (Dow Jones) – French utility GDF Suez According to government sources negotiating a merger with the British Electricity company International Power. The French government judge the negotiations as a good step, "said a government representative on Monday to Dow Jones Newswires. This would be the international Portfolio of the Paris-based GDF Suez SA added. One result The talks should be available in a few days.
Neither GDF Suez, International Power had yet to submit comments ready.
If the transaction is reached, would Acquisition of International Power plc is not paid for with shares, added the Government officials added. A dilution of its stake in GDF Suez of well 35% had not the French government, therefore, . fear However, he was prepared to a slight To accept dilution.
France’s government is eager to the country’s role in the Electricity industry to expand globally. National champions such as Electricite de France SA and GDF Suez, to advance the project.

Website: www.gdfsuez.com

-By Geraldine Amiel, Dow Jones Newswires
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(END) Dow Jones Newswires

January 18, 2010 09:59 ET (14:59 GMT)

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