Key Developments: GDF Suez SA (GSZ.PA)

GSZ.PA on Paris Stock Exchange

14 Jul 2014
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Latest Key Developments (Source: Significant Developments)

GDF Suez SA acquires through its Cofely subsidiary, Lend Lease UK FM assets
Monday, 7 Jul 2014 02:00am EDT 

GDF Suez SA:Announces that it has acquired through its subsidiary Cofely, the purchase of Lend Lease Group's UK facilities management (FM) business (LLFM).Says this acquisition will make Cofely one of the UK's providers of technical services PFI (Private Finance Initiative) and provide an increased portfolio of long-term FM contracts in key public sector and healthcare markets.  Full Article

GDF Suez signs Mirfa power and water deal in Abu Dhabi-Reuters
Wednesday, 2 Jul 2014 08:00pm EDT 

GDF Suez SA:Signs 25-year water and power contract with Abu Dhabi Water and Electricity Company - Reuters.Mirfa project to be built at cost of about $1.5 bln and to involve acquisition of certain water and power facilities, development, design, engineering and construction of new power and water facilities, and operation of plant.Mirfa project to operate 10.4 gigawatts of power capacity and 2.77 mln cubic meters a day of water capacity, once completed.  Full Article

Toshiba Corp and GDF Suez SA complete NuGen deal nuclear power project
Monday, 30 Jun 2014 03:00am EDT 

Toshiba Corp:Announces that the company and GDF Suez SA have completed a deal that will boost development of the Moorside new nuclear power project on the West Cumbria coast in northwest England.Announces that the agreement sees Toshiba Corp acquiring a 60-percent stake and GDF Suez SA retaining a 40-percent holding in NuGeneration Ltd (NuGen).  Full Article

GDF Suez announces up to 750 MW of renewable energy development in Brazil
Thursday, 26 Jun 2014 08:00pm EDT 

GDF Suez SA:Says its subsidiary Tractebel Energia expects around 750 MW of additional renewable capacity to be commissioned over next 6 years through construction at Santa Monica Wind Park and Campo Largo complex.Both projects are located in Northeast of Brazil.  Full Article

GDF Suez inaugurates photovoltaic facility in France
Wednesday, 25 Jun 2014 08:00pm EDT 

GDF Suez SA:Inaugurates photovoltaic facility in Besse-sur-Issole (Var department).Facility features 13.9 peak MW of power and 50,000 photovoltaic panels.  Full Article

State sells GDF Suez shares at bottom of price range-Reuters
Tuesday, 24 Jun 2014 08:00pm EDT 

GDF Suez SA:French state has raised about 1.5 billion euros with sale of 3.1 pct stake in GDF Suez-Reuters.Government did not specify at which price the 75 million shares had been sold, but traders said they had been placed with institutional investors at 20.18 euros per share, which corresponds to just over 1.51 billion euros.According to terms of the placement seen by Reuters, shares had been offered overnight in price range of 20.18 to 20.81 euros.Following placement, state will have a 33.6 percent stake in GDF Suez.  Full Article

France sells part of GDF Suez stake-Reuters
Monday, 23 Jun 2014 08:00pm EDT 

GDF Suez SA:France has agreed to sell 3.1 pct stake in gas utility GDF Suez-Reuters.Could sell as much as 3.6 pct in order to finance the acquisition of a state participation in engineering group Alstom, the government said.Finance and economy ministries said in joint statement French state, via public holding firm APE, had agreed to sell 75 million GDF Suez shares and has an overallotment option to sell as many as 86 million shares in an accelerated institutional placement.Based on June 24 20.81 euro closing price, operation would yield French state between 1.56 and 1.79 billion euros.Sale will leave French state - lead shareholder in GDF Suez with 36.71 pct stake - with residual stake of around 33.6 pct.  Full Article

GDF Suez signs new cooperation agreement protocol with Perusahaan Gas Negara
Sunday, 22 Jun 2014 08:00pm EDT 

GDF Suez SA:Signs new cooperation agreement protocol with Perusahaan Gas Negara (PGN), the principal Indonesian operator in field of natural gas distribution and transportation.Agreement relates to feasibility study for on-shore LNG terminal in northern Java.  Full Article

GDF Suez signs consortium concession agreement for power plant in Mongolia
Thursday, 19 Jun 2014 08:00pm EDT 

GDF Suez SA:Signs together with consortium partners concession agreement for combined heat and power CHP 5 plant in Ulaanbaatar, capital of Mongolia.Agreement allows consortium to enter into exclusive negotiations for 25-year Power Purchase Agreement (PPA) with Government of Mongolia.Following signing of PPA and financial close, consortium is to build and operate coal-fired CHP plant with electricity capacity of 415MW and steam capacity of 587MW.Entire output from plant is to be purchased by Mongolian government and steam produced is to be used for city heating in Ulaanbaatar.Consortium comprises GDF Suez (30 pct), Sojitz Corp (30 pct), POSCO ENERGY (30 pct) and Newcom LLC (10 pct).  Full Article

Santos Ltd and GDF SUEZ to review alternative development concepts for Bonaparte LNG
Thursday, 19 Jun 2014 02:06am EDT 

Santos and GDF SUEZ:Says the Bonaparte LNG project will consider other potential development options in addition to the floating LNG concept to develop the Petrel, Tern and Frigate natural gas fields, located 250 kilometres offshore west of Darwin.These options will include a pipeline connection to Darwin.Consequently, the proposed Bonaparte floating LNG project will not be taken into the front-end engineering and design (FEED) phase at this point in time.Santos received a cash consideration of $200 mln when the Bonaparte LNG joint venture was formed, and has received a full carry on study and development costs by GDF SUEZ.  Full Article

UPDATE 1-France urges bigger euro role in international trade

PARIS, July 9 - The euro zone must work to bolster the role of its common currency in international business transactions, France's finance minister said on Wednesday, comments supported later by the head of French utility GDF Suez.

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