French firm take control of UK power company

Another UK power firm was poised for foreign ownership today after International Power agreed a merger with France’s GDF Suez.

French firm take control of UK power company
Tue, 10 Aug, 2010 - 08:43

Another UK power firm was poised for foreign ownership today after International Power agreed a merger with France’s GDF Suez.

International Power, which owns UK assets including the giant coal-fired station at Rugeley in Staffordshire, will be 70% owned by GDF under the deal to create one of the world’s biggest independent power generators.

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CourtsBusinessHeathrowPlace: UKPlace: RugeleyPlace: StaffordshirePlace: CentricaPlace: ScottishOrganisation: International PowerOrganisation: FranceOrganisation: GDF SuezOrganisation: GdFOrganisation: British EnergyOrganisation: EDFOrganisation: BritainOrganisation: London Stock Exchange
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