Gaz de France, which is engaged in the production, transport distribution and sale of gas, electricity and services, has signed an agreement with Electricite de France for the sale of its equity interest in Segebel, a company owning 51% of the capital of SPE, an electricity operator in Belgium.
The value of this transaction is E515 million; this amount does not include an additional purchase price due after commitments made by Suez Electrabel towards the Belgian state have been fulfilled.
This sale is subject, in particular, to the successful conclusion of the merger between Gaz de France and Suez and to a favorable decision by the European Commission regarding this operation.
This transaction enables Gaz de France to fulfill one of the commitments it made to the European Commission within the framework of the group’s plans to merge with Suez.