Deals
GDF Buys International Power, Pays Special Dividend
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GDF Suez SA, operator of Europe’s largest natural-gas network, agreed to buy International Power Plc, creating an electricity producer worth $30 billion with plants from Brazil to Australia.
GDF will transfer power plants and pay International Power owners a special dividend of 92 pence a share ($1.45), or 1.4 billion pounds, the companies said today. The London-listed company will have a generation capacity of 66,000 megawatts.