Monday, 16 April 2012

International Power agrees £6.8bn GDF Suez offer

Monday's deal values International Power at around £22.8bn.

GDF Suez said in a statement that the transaction represents a major strategic step in its development and is consistent with its strategy of accelerating its development in fast growing markets and simplifying its structure.

Gérard Mestrallet, chairman and chief executive of GDF Suez, said the deal "will allow the Group to fully capture growth in fast growing markets ... we want GDF Suez to be the leading energy player in the emerging countries”.

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