Belgium's Elia: GDF Suez To Sell 24.35% Stake
31 March 2010 - 7:37PM
Dow Jones News
Belgium's power grid operator Elia System Operator SA (ELI.BT)
said Wednesday that French energy giant GDF Suez SA (GSZ.BT) is
selling a 12.5% stake in the company to Belgian energy holding
Publi-T for EUR159.9 million.
Elia also said GDF Suez will sell its remaining 11.85% stake in
Elia.
"Details of the agreement will be finalized in the near future
so that the boards of the parties can ratify it in the coming weeks
and the offering can be organized before June 30," the company said
in a statement.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88;
alessandro.torello@dowjones.com
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