GDF SUEZ signs a strategic-partnership agreement with MARUBENI in Portugal

PR Newswire/Les Echos/ 
                                                         August 5, 2013 
GDF SUEZ signs a strategic-partnership agreement with MARUBENI in Portugal 
GDF SUEZ has signed a strategic-partnership agreement with the Japanese company
MARUBENI Corporation with the sale of a 50% stake in its portfolio of thermal
and renewable power generation assets in Portugal, representing total installed
capacity of 3,300 MW(1). 
GDF SUEZ will keep a 50% share in the joint venture established by the agreement
and along with its new partner will continue to operate and take care of the
operational maintenance of the assets. The portfolio is made up of a balanced
set of coal- and gas-fired thermal power plants with a capacity of 2,400 MW and
renewable assets (mainly wind) with a capacity of 900 MW. 
This agreement in Portugal further expands the partnership between GDF SUEZ and
MARUBENI following the success of previous cooperation and investment in Asia
and the Persian Gulf and extends its scope to Europe, with a shared development
strategy focusing in particular on renewable energies. 
Vice-Chairman and President of GDF SUEZ, Jean-François Cirelli said, "I welcome
the agreement that has been signed with Marubeni, which is a major partner of
GDF SUEZ. It sees us launching a first long -term partnership with MARUBENI in
Europe and enables the Group to consolidate its presence on the Portuguese
market and pursue its ambition to develop its renewable energy activities in
This partnership also fits into the Group's transformation strategy and will
result in a reduction of around EUR600 million of GDF SUEZ's consolidated net
debt as of closing and EUR300 million in 2014, after equity consolidation of the
joint venture in the Group's accounts(2). 
Including the full impact of the operation, the progress achieved in the
portfolio optimization program will reach almost EUR4 billion out of a EUR11
billion target for 2013-2014. 
The transaction should be completed in Q3 2013, subject to customary conditions
(1) at 100%
(2) From the date of closing until 31 December 2013, the joint venture will be
proportionally consolidated in the accounts of the Group. It will be equity
consolidated as of 1 January 2014, given the adoption of the new IFRS 11
(Partnerships) standard. This will lead to an additional impact on the net debt
of EUR-300 million. 
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 EUR2,412,824,089 - RCS NANTERRE 542 107 651 
GDF SUEZ develops its businesses (power, natural gas, energy services) 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,
fighting against climate change and maximizing 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:
independent power production, liquefied natural gas, renewable energy and energy
efficiency services.GDF SUEZ employs 138,200 people worldwide and achieved
revenues of EUR82 billion in 2012. The Group is listed on the Paris, Brussels
and Luxembourg stock exchanges and is represented in the main international
indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI
Europe, ASPI Eurozone, Euronext Vigeo Eurozone 120, Vigeo World 120, Vigeo
Europe 120 and Vigeo France 20. 
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