PR Newswire/Les Echos/
January 15, 2013
GDF SUEZ announces agreement to sell its 24.5% stake
in Slovak gas company SPP
GDF SUEZ and E.ON have signed an agreement with Energetický a Průmyslový
Holding (EPH), a leading Czech power market player, for the sale of their
combined 49% indirect stake in Slovenský Plynárenský 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 EUR1.3 billion.
This transaction will reduce GDF SUEZ net debt by some EUR1.3 billion(1) and
represents an important milestone in the Group's ongoing transformation
following the completion of the International Power transaction. Disposals
announced since the beginning of 2012 as part of the Group's portfolio
optimization program total more than EUR5 billion, in line with the objective
announced in December. The objective of the new GDF SUEZ asset optimization
program for the period 2013-2014 amounts to EUR11 billion.
The sale has been approved by the Slovak State and has received all necessary
antitrust clearances. Closing is expected in the coming weeks.
Jean-François Cirelli, Vice Chairman and President of GDF SUEZ declared: "The
disposal of our interest in SPP is a significant further step in our
deleveraging strategy, and a move consistent with our goal to optimize our
European portfolio of activities. We will pursue our development in Europe,
focusing on a selection of attractive markets."
About GDF SUEZ
GDF SUEZ develops its businesses around a model based on responsible growth to
take up today's major energy and environmental challenges: meeting energy
needs, ensuring the security of supply, combating climate change and
optimizing the use of resources. The Group provides highly efficient and
innovative solutions to individuals, cities and businesses by relying on
diversified gas-supply sources, flexible and low-emission power generation as
well as unique expertise in four key sectors: liquefied natural gas, energy
efficiency services, independent power production and environmental services.
GDF SUEZ employs 218,900 people worldwide and achieved revenues of
EUR90.7 billion in 2011. The Group is listed on the Brussels and Paris stock
exchanges and is represented in the main international indices: CAC 40,
BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100,
MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.
Press contact: Investor Relations contact:
Tel France: +33 (0)1 44 22 24 35 Tel: +33 (0)1 44 22 66 29
Tel Belgium: +32 2 510 76 70 E-Mail: email@example.com
(1) Of which EUR0.1 billion in 2015.
GDF SUEZ CORPORATE HEADQUARTERS
Tour T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930 Paris
La Défense cedex - France
Tel. +33 (0)1 44 22 00 00
GDF SUEZ - SA WITH CAPITAL OF EUR2,408,353,823 - RCS NANTERRE 542 107 651
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