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ELI Elia Group SA NV

93.10
-0.40 (-0.43%)
10 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Elia Group SA NV EU:ELI Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -0.43% 93.10 92.00 94.00 93.55 91.85 92.55 37,495 16:40:00

GDF Suez Sells Remaining Stake In Elia For EUR153 Million

18/05/2010 4:35pm

Dow Jones News


Elia Group SA NV (EU:ELI)
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French utility GDF Suez (GSZ.FR) said Tuesday it sold, through its Belgian unit Electrabel, its remaining 11.7% stake in Belgian power distribution systems operator Elia System Operator SA (ELI.BT) for EUR153 million.

GDF Suez's Electrabel closed the procedure of accelerated bookbuilding Tuesday that was launched in the morning for the sale of the shares held within Elia.

As a result of the bookbuilding operation, which was more successful than expected, "GDF Suez completely steps out of the capital of Elia by selling 11.7% of the company," it said.

The sale of the remaining stake represented EUR153 million at the price of EUR27 a share.

The transaction represents a capital gain of EUR120 million for GDF Suez, the group said.

-By Geraldine Amiel, Dow Jones Newswires; +33 1 40171740; geraldine.amiel@dowjones.com;

 
 

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