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GDF SUEZ Finalizes the Sale of G6 Rete Gas, its Gas Distribution Assets in Italy - GDF SUEZ has closed today the sale of G6 Rete Gas to the consortium composed by F2i infrastructure fund, AXA Private Equity and Enel Distribution - GDFSUEZ.com
GDF SUEZ Finalizes the Sale of G6 Rete Gas, its Gas Distribution Assets in Italy

 

PRZOOM - /newswire/ - Paris, France, 2011/10/03 - GDF SUEZ has closed today the sale of G6 Rete Gas to the consortium composed by F2i infrastructure fund, AXA Private Equity and Enel Distribution - GDFSUEZ.com. FR0010 208488

   
 
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The transaction prices the distribution assets at € 772 million, which amounts to 103% of the 2010 regulated asset base, 9.3 times the Ebitda and 17.5 times the net income. This sale is part of the 6.2 billion euro portfolio optimization announced in August out of the €10 billion euro Group’s program.

Italy is the Group’s third largest country in terms of revenues after France and Belgium, its two domestic markets. The Group already plays a leading role there and intends to position itself among the country’s three leading players. Active across the energy value chain and enjoying a fast-growing customer base, GDF SUEZ is the third largest natural gas operator with over 1.2 million customers, and the fourth largest electrical operator. The Group is also Italy’s number one energy services operator through its subsidiary Cofely. SUEZ ENVIRONNEMENT also has a strong position with more than 2.4 million users of its environmental services.

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.

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

 
 
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Agency / Source: GDF SUEZ | ENGIE

 
 

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GDF SUEZ Finalizes the Sale of G6 Rete Gas, its Gas Distribution Assets in Italy

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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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