GDF Suez SA and E.ON AG Announce Agreement to Sell Combined Stake in Slovak Gas Company SPP

Monday, 14 Jan 2013 07:00pm EST 

GDF Suez SA and E.ON AG announced that they have signed an agreement with Energeticky a Prumyslovy Holding (EPH), a Czech power market player, for the sale of their combined 49% indirect stake in Slovensky Plynarensky Priemysel a. s. (SPP), the Slovak gas operator. This participation has been held through a 50/50 joint venture between GDF Suez and E.ON since the 2002 partial privatization procedure. EPH will acquire 100% of the share capital of this joint venture. The agreement values the GDF Suez 24.5% stake in SPP at EUR 1.3 billion. 

Company Quote

-0.12 -0.87%
15 Aug 2014