NewswireToday - /newswire/ -
Paris, France, 2011/12/20 - GDF SUEZ and CIC have closed the acquisition by CIC of a 30% minority stake in GDF SUEZ Exploration & Production International SA and of a 10% stake in the train 1 of the Atlantic LNG liquefaction plant in Trinidad and Tobago - GDFSUEZ.com. FR0010 208488
This transaction is the first milestone of the partnership between the two groups announced in August 2011.
According to the memorandum of understanding signed in August 2011, GDF SUEZ and CIC have agreed to cooperate on a non-exclusive basis to help accelerate their respective strategies. The partnership will be deployed across GDF SUEZ Group’s businesses (natural gas, electricity, water and waste, and energy efficiency services) and sets up the framework for cooperation in three areas: joint investment opportunities in existing and new energy-related projects among others in the Asia-Pacific region; financing cooperation in new projects in the region; and commercial sponsorship and support to GDF SUEZ in the region.
About GDF SUEZ
GDF SUEZ develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,350 people worldwide and achieved revenues of €84.5 billion in 2010. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.
Investor relations contact:
T: +33 (0)1 44 22 66 29 / E: ir[.]gdfsuez.com.