Gaz de France has reached an agreement with EDF for the sale of its equity interest in SEGEBEL, a company owning 51% of the capital of SPE.
SPE is the 2nd largest electricity operator in Belgium, accounting for 10% of the country’s electricity production with an installed capacity of 1,650 MW. The company boasts a portfolio of more than 1 million electricity customers and 450,000 customers for gas.
The value of this transaction is €515 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 favourable decision by the European Commission regarding this operation.
This transaction enables Gaz de France to fulfil one of the commitments it made to the European Commission within the framework of the Group’s plans to merge with Suez.