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GDF SUEZ Has Finalized its Long-term Partnership in Natural Gas Transmission with the CNP Assurances – Caisse Des Dépôts Consortium - GDF SUEZ has closed its agreement with the public consortium composed of CNP Assurances, CDC Infrastructure and Caisse des Dépôts which now owns a 25% stake in GRTgaz
GDF SUEZ Has Finalized its Long-term Partnership in Natural Gas Transmission with the CNP Assurances – Caisse Des Dépôts Consortium

 

PRZOOM - /newswire/ - Paris, France, 2011/07/12 - GDF SUEZ has closed its agreement with the public consortium composed of CNP Assurances, CDC Infrastructure and Caisse des Dépôts which now owns a 25% stake in GRTgaz. FR0010 208488

   
 
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The consortium’s offer values the 25% minority stake at €1.110 billion1.

This agreement, announced on April 14, is the result of GDF SUEZ and the consortium’s aim to jointly develop a long-term natural gas transmission partnership to operate in France and Europe.

The entry of a public partner in GRTgaz is entirely consistent with the logic of the 3rd European Directive while ensuring GRTgaz remains at the heart of the natural gas strategy of the GDF SUEZ Group and strengthening its leadership in Europe. Within this partnership, GRTgaz will extend its activities beyond France by the acquisition of the GDF SUEZ equity stakes in European transmission operators in Germany (GRTgaz Deutschland GmbH and MEGAL GmbH), and in Austria (BOG GmbH).

1 Ex 2010 dividend

About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,350 people worldwide and achieved revenues of €84.5 billion in 2010. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.

About the public consortium

CNP Assurances
France’s leading personal insurer, CNP Assurances designs, produces, and manages personal life insurance products distributed with the help of key partners – major banking networks, financial institutions, and mutual insurers. CNP Assurances operates in three main market segments: savings, pensions, and personal risk, with the mission of providing protection for its 24 million customers worldwide (including 14 million in France) in each phase of their life. Listed on the Paris Stock Exchange’s main market since 1998, CNP Assurances is backed by a stable shareholder base consisting of Caisse des Dépôts, Banque Postale, the BPCE group, and the French state. Through partnerships with major banking networks, CNP Assurances is located in 15 pays, including Italy, Spain, Greece, Brazil, and Argentina.

Caisse des Dépôts
A public financial institution, Caisse des Dépôts is a long term investor serving the general interest and France’s economic development. Caisse des Dépôts also performs missions essential to national cohesion, such as savings programs, social housing financing, managing retirement regimes, and protecting funds entrusted to the legal professions. Through its subsidiaries, Caisse des Dépôts is active in personal insurance (CNP Assurances), business investment (strategic investment funds, CDC Entreprises), real estate (the SNI group, Icade), private equity (Qualium Investissement), infrastructure investment (CDC Infrastructure), services (Veolia Transdev, Egis, Compagnie des Alpes and Belambra), and the environment (CDC Climat, Société Forestière and CDC Biodiversité). With its Elan 2020 plan, the Caisse des Dépôts group has set four strategic priorities to meet France’s urgent financing needs: housing, universities, small and medium size companies and the environment.

CDC Infrastructure
CDC Infrastructure is the Caisse des Dépôts direct investment subsidiary for the infrastructure sector. Its objective is to invest equity capital in essential assets for the economic development and attractiveness of the country and which generate ongoing, long-term profitability. It takes minority stakes in companies that manage mature assets, or in new projects financed in particular through public-private partnerships (PPP) or concessions. It is positioned on 4 sectors: transport, energy, telecommunications, and the environment.

Investor relations contact:
T: +33 (0)1 44 22 66 29 / E: ir[.]gdfsuez.com.

 
 
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GDF SUEZ Has Finalized its Long-term Partnership in Natural Gas Transmission with the CNP Assurances – Caisse Des Dépôts Consortium

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GDF SUEZ |
Contact: Press Office - GDFSUEZ.com 
+33 (0)1 44 22 24 35 gdfsuezpress[.]gdfsuez.com
 
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