Home News GDF is considering improved bid for International Power – Independent

GDF is considering improved bid for International Power – Independent

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PARIS (Dow Jones) – French energy group GDF Suez considering a newspaper report that an improvement in their tender for the British power company International Power (IP). That Now have a volume of 5 billion GBP, reports the British newspaper the "Independent" on Monday on its website.
The talks had failed in the past month, after GDF Suez had offered to assets at the International Power plc Bring in return for a controlling stake, as the newspaper further reports. But IP had been of the opinion that the offer the British suppliers of the shares of more than 45 power plants worldwide keeps too low rate.
GDF Suez thinking of submitting an improved offer, said a person familiar with the matter of the leaf. Probably the offer of a cash component for the shareholders would included.
Last there had been speculation that GDF Suez against a Bid and instead decide to purchase a share of the Could have sought Suez Environnement SA Water, says the Report also. Suez Environnement supplies 76 million people worldwide with drinking water.

   

Website: www.independent.co.uk

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(END) Dow Jones Newswires

February 08, 2010 00:33 ET (05:33 GMT)

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