Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

GDF Suez shares slip as French government sell part of stake

Shares of GDF Suez fell 2.5 percent on Wednesday after the French government sold part of its stake in the gas and power group – offloading 3.1 percent .Seventy five million shares were sold at a price of 20.18 euros each. That was at the bottom of a range for the share placement and was a 3.0 percent discount on Tuesday’s closing price. Paris could use at least some of the about 1.5 billion euros raised to finance the state’s acquisition of a stake in engineering group Alstom. It is to buy 20 percent of Alstom as part of the deal whereby General Electric will take over Alstom’s power and grid businesses. Alstom’s shares rose on Wednesday.Following the placement, the state will have a 33.6 percent stake in GDF Suez, the finance and economy ministries said in a joint statement.“This operation is part of a policy of active management of state investments, which should help provide resources to growth areas of economic development and state debt, in accordance with the economic and strategic interests of the state,” the statement said.The shares of several companies in which the French state holds a stake have lost ground because of the Alstom-GE deal with investors fearing sales by the government.with Reuters

© DailyMotion -

Comment on this article!
To post a comment, we encourage you to become a member of® or log in if you are already a member. You can still post your commentwithout registering, but you will need to fill your personal information each time.

Become a member (free)   |   Log in

Postings are subject to the terms and conditions of®. Before submitting your message , you must read the Terms and conditions of® and agree to them by checking the box below.
Your name:
  I have read and agree to the Terms and conditions of®.
Follow us on ...
Facebook Twitter