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Provider: S&P Capital IQ Factual Report
$150.00
Provider: Reuters Investment Profile
$20.00
Provider: Reuters Investment Profile
$20.00
Provider: Ford Investor Services, Inc.
$12.00

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GDF Suez SA's Consortium Makes Firm Bid For E.ON AG's Gas Network-Reuters


Friday, 11 May 2012 06:06am EDT 

Reuters reported that a consortium led by GDF Suez SA has made a firm offer to buy E.ON AG's gas pipeline network, which has put up for sale, French daily Les Echos reported. GDF's partners in the group to acquire E.ON's 12,000-kilometre gas pipeline, which is valued at around EUR3 billion ($3.89 billion), include French insurer CNP Assurances and IFM Australian Infrastructure Fund. Final bids were due on May 9 for the sale of its open gas distribution network after bidders completed due diligence checks. The sale, which is expected to be backed by a debt financing of around EUR2 billion, is expected to be announced in mid-May. 

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