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In February 2011, GDF Suez acquired a 70% interest in International Power. [3] [4] The purchase of the remaining 30% was announced by GDF Suez in April 2012, and the transaction closed in July 2012. [5] Following the acquisition, the company was renamed GDF Suez Energy International.
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Gaz de France (GDF) was a French company which produced, transported and sold natural gas around the world, especially in France, its main market. The company was also particularly active in Belgium, the United Kingdom, Germany, and other European countries.
In the early 2000s Suez also owned some media and telecommunications assets, but later divested them. According to the Masons Water Yearbook 2004/5, Suez served 117.4 million people around the world. The company conducted a merger of equals with fellow utility company Gaz de France on 22 July 2008 to form GDF Suez [2] (called Engie since 2015).
A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities made new attempts to free the vessel and reopen a crucial waterway whose blockage is ...
Formerly an operating division of Suez, the company was spun out as a stand-alone entity as part of the merger to form GDF Suez (now Engie) on 22 July 2008. [3] Engie remained the largest shareholder of the company with a 35% stake. [3] On the stock market, Suez Environnement's share jumped 40% in value on its first day. [4]
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Later GDF Suez acquired 20% stake from Total. [3] The area stipulated in the agreement covered 747 square kilometres (288 sq mi). [4] Significant natural gas resources were discovered in September 2011 at the Absheron X-2 exploration well drilled by the Heydar Aliyev drilling rig, operated by Maersk Drilling, at a depth of 6,550 metres (21,490 ft).