GDF Suez is eyeing up lucrative markets
France's GDF Suez is tidying up its business, with an eye on more lucrative markets elsewhere
As Europe's crisis deepens and other developed economies stagnate, GDF Suez is concentrating its efforts on higher-growth emerging markets. A pricey consolidation of its International Power subsidiary was a key part of that. In mid-April, GDF Suez said it had made an improved offer for the 30% stake it did not already own in its UK subsidiary, raising the price by 7% to £6.8 billion ($10.8bn). The juicy offer, almost 21% above International Power's share price before speculation about a bid began in February, was accepted. The deal is a crucial element, believes GDF Suez, in a strategy to win contracts in emerging markets. "It is consistent with the group's strategy of accelerating its devel
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