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19/06/2013 - Last News Update: 11:45
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International Power and GDF Suez agree tie-up
Published: 10th Aug 2010 07:20:51
International Power (IP) has agreed a tie-up with French utility GDF Suez, bringing to an end months of negotiations between the two parties.
GDF shareholders will then own 70% of the newly-formed company, with IP shareholders owning the remaining 30%.
IP shareholders will receive a special dividend of 92 pence.
Source:
BBC NewsExternal LinkShow Citation
Harvard Citation
BBC News, 2010. International Power and GDF Suez agree tie-up. [Online] (Updated 10 Aug 2010)Available at: http://www.manchesterwired.co.uk/news.php/80797-International-Power-and-GDF-Suez-agree-tie-up [Accessed 19th June 2013]
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