FACTBOX: Details of Suez-GDF French energy merger

(Reuters) - French utility Suez (LYOE.PA) and gas giant Gaz de France GAZ.PA unveiled new merger terms on Monday after 18 months of talks and said the deal was supported by the major shareholders. Here are details from the deal statement.

* Creation of a global leader specialized in energy: GDF Suez

* With a combined stock market capitalization of approximately 90 billion euros ($122.9 billion) and revenues of 72 billion euros GDF Suez will be one of the leading global energy companies, in particular in gas and electricity

* Merger of equals on the basis of a 0.9545 to 1 share exchange ratio -- 21 Gaz de France shares for 22 Suez shares -- via the absorption of Suez by Gaz de France

* The French State will hold more than 35 per cent of the capital of GDF Suez

* Simultaneous distribution at the time of the merger to Suez shareholders of 65 per cent of the capital of Suez's Environment activities

* GDF Suez will maintain a stable 35 per cent stake in Suez's Environment activities, within a shareholder pact

* Confirmed synergies of about 1 billion euros per year

* The project will result in the creation of a leading group in gas and electricity with a global dimension and a strong Franco-Belgian base

* Gaz de France and Suez have brought together the necessary conditions allowing them to submit the project to shareholders, after consultation with the employee representative bodies, to permit the implementation of the merger

* The transaction will close as early as possible, in 2008

* The boards of directors of Suez and Gaz de France also noted recent developments in the energy sector reinforced the strategic and industrial logic behind the transaction

* GDF Suez has made the strategic choice to become a major player in the gas and electric sector, with an energy supply portfolio that is secure, diversified and flexible

* The tie-up between Gaz de France and Suez will create: - The number one buyer and seller of gas in Europe - Global leader in liquefied natural gas (LNG), the number one importer and buyer of LNG in Europe with a 25 per cent market share and with a leading position on the Atlantic basin - Number five and number two European and French power producer respectively, with strong positions in the United States, Brazil and the Middle East - European leader in energy services - Number one gas transmission and distribution network operator in Europe - Number two storage and LNG terminal operator in Europe

* The new group will draw upon its strong positions in its domestic markets in France and Benelux

* With GDF Suez's outlook of high and profitable growth in all its businesses, a balanced mix of regulated and unregulated activities, its broadened financial reach as well as the synergies generated from this tie-up, it is setting ambitious objectives in terms of growth and profitability