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ACE Acea Spa

16.50
0.09 (0.55%)
30 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Acea Spa BIT:ACE Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.09 0.55% 16.50 16.20 16.54 16.65 16.36 16.50 111,714 02:01:12

Suez Environnement Buys 3.95% Stake in Italy's ACEA from GDF Suez

19/02/2014 10:00am

Dow Jones News


Acea (BIT:ACE)
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By Inti Landauro

PARIS--French waste and water management utility Suez Environnement (SEV.FR) Wednesday said it bought a 3.95% stake in Italian utility ACEA SpA (ACE.MI) which had belonged to GDF Suez (GSZ.FR).

With this acquisition Suez Environnement raises its stake in the Italian water and power utility to 12.5%.

The French company said it paid GDF Suez market price for the stake, which stood at 75.2 million euros ($103.2 million) on Wednesday.

GDF Suez owns 35.7% in Suez Environnement.

Write to Inti Landauro at inti.landauro@wsj.com

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