Rule 8.4 announcement

    RNS Number : 1583X
  Suez Energy South America
  20 June 2008
   

    20 June 2008

    Suez Energy South America Participaes Ltda. ("SESA")

    Rule 8.4 Announcement

    On 13 June 2008, SESA announced a cash offer for the entire issued and to be issued share capital of Econergy International plc
("Econergy") (the "Offer").

    On 19 June 2008, SESA received an irrevocable undertaking to accept the Offer in respect of 15,935,700 Econergy shares, representing
approximately 18.32 per cent. of the existing issued share capital of Econergy from Elsina Limited.

    This irrevocable undertaking will cease to be binding if (i) on or before the tenth day following the posting of the offer document (or
the document containing the scheme of arrangement, as the case may be), a competing offer is made for Econergy which is 10 per cent. higher
than the Offer, (ii) the Offer lapses or is withdrawn or (iii) the Offer is not declared unconditional in all respects in accordance with
its terms by 30 March 2009.

    SESA has therefore received irrevocable undertakings to accept the Offer in respect of, in aggregate, 44,357,656 Econergy shares,
representing 50.99 per cent. of Econergy's issued share capital.

    END



This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCURVVRWSRNURR