International Power set to sign GDF deal

International Power (IP) has agreed a reverse merger arrangement up with French utility GDF Suez, August 2010, bringing to an end months of negotiations between the two parties. This will create one of the world’s biggest independent power generators with estimated sales of €13.5bn.

BBC News, 10.8.10: International Power and GDF Suez agree tie-up http://www.bbc.co.uk/news/business-10922854

GdF Suez: Press Release, 10.8.10: Combination of International Power with GDF SUEZ Energy International to create New International Power http://www.gdfsuez.com/en/finance/press-releases/press-releases/?communique_id=1299

International Power: Press Release, 10.8.10: Combination of International Power and GDF SUEZ Energy International http://event.ipplc.com/~/media/Files/I/International-Power-Event/Attachments/100805-Combination-Press-release_Final.pdf

France24, 10.8.10: French energy firm EDF Suez to take control of UK competitor http://www.france24.com/en/20100810-edf-suez-energy-firm-new-international-power-britain-france-take-over

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