Suez secures majority share in SHEM

French utility Suez now holds almost all of the share capital in Societe Hydro-Electrique du Midi, having purchased SNCF Group's 40% stake.

Electrabel, a subsidiary of Suez Group, has bought 59.6% of the supplementary shares of Societe Hydro-Electrique du Midi (SHEM) from the SNCF Group. Electrabel already held 40% of SHEM, therefore the Belgian subsidiary of Suez now holds 99.6% of the company.

SHEM operates 49 hydroelectric power stations situated in the Pyrenees and in the Central Massif. Together they represent a 773MW generation capacity (peak and super peak load) of green electricity.