Guangdong Development Fund Share Discussion Threads

[waldron] 27/2/2015 12:16

GDF Suez (GSZ.FR) doesn't have a role in recapitalizing the struggling nuclear group Areva SA (AREVA.FR), GDF Suez chief executive Gerard Mestrallet says in a newspaper interview published Friday.

After Areva last week warned of a $5.6 billion loss in 2014, speculation has swirled over whether the 85% state-owned company will need a capital injection. That speculation was fueled when energy minister Segolene Royal said she wants Areva to find synergies with state-controlled power utility Electricite de France SA (EDF.FR) and the state Commission for Atomic Energy.

"We are watching carefully," Mr. Mestrallet says in the interview with French daily Le Figaro. "Public authorities haven't asked us anything yet and GDF Suez doesn't have a calling to own capital in Areva," he adds, noting that GDF Suez isn't an equipment maker.

Government spokesman Stephane Le Foll said Wednesday the state won't take position on the matter until Areva presents a strategic plan next week.

"Before this plan is presented, it wouldn't be very constructive to foresee solutions," said Mr. Le Foll, who is also agriculture minister.

Newspaper Web site: hxxp://www.lefigaro.fr

-Write to William Horobin at [e-mail]

Subscribe to WSJ:

[waldron] 26/2/2015 13:13

EUbusiness

GDF Suez bounces back with EUR 2.44 bn profits in 2014
26 February 2015, 13:16 CET
— filed under: energy, France, earnings, Belgium, GDFSuez

(PARIS) - GDF Suez bounced back in 2014 after major losses the previous year, results showed on Thursday, but the energy group announced fresh cuts in response to falling energy prices.

The French-Belgian electricity and gas company posted a net profit of 2.44 billion euros ($2.77 billion) last year, the group said in a statement. Turnover slumped 6.6 percent to 74.7 billion euros compared with a year earlier.

The better-than-expected net earnings were a marked improvement on the collossal losses of 9.65 billion euros registered in 2013, after difficulties in the European energy market forced it to devalue its power plants by 14.9 billion euros.

The company said last year's growth was still affected by "the impact of climate on sales of gas in France, since 2014 was exceptionally warm, and by the impact of the fall in prices on the European electricity markets."

Besides warm weather in Europe, the company was also hit by dry weather conditions in Brazil which curbed hydroelectric production and the shutting down of three nuclear reactors in Belgium.

The group said it is putting in place a "rapid reaction plan", cutting some 250 billion euros from operational costs and reducing investments, particularly in exploration and production over the next two years.

[waldron] 03/2/2015 08:24

26
Feb
2015

Annual Results 2014 (7:45 am, Paris time)

[grupo guitarlumber] 03/1/2015 17:12

07
Jan
2015Thematic workshop Asia/Africa/Middle-East, London
26
Feb
2015Annual Results 2014 (7:45 am, Paris time)
28
Apr
2015ShareholdersR17; meeting

[waldron] 16/12/2014 22:22

By Inti Landauro
PARIS--French power utility GDF Suez (GSZ.FR) said Tuesday it has been awarded a $1.7 billion contract to build a power plant and transmission line in Chile, as it seeks to become the largest private power utility in Latin America.
GDF Suez believes Latin America offers it plentiful opportunities because demand for electricity is outpacing already fast economic growth, as large chunks of the population emerge from poverty and gain access to home appliances, said Isabelle Kocher, the company's deputy chief executive.
The company doesn't consider all the countries in the region attractive. It currently operates in Brazil, Chile and Peru and is looking at opportunities in Colombia, Mexico and Uruguay, while it views other countries as insufficiently stable.
"Those [stable] countries need investment in infrastructure in a sustainable way and they rely on external funding," she said, stressing that regulations in countries like Chile and Brazil have been particularly stable.
Over the past few years, GDF Suez has sought to reduce its exposure to European markets, where demand for power is stagnating and competition with subsidized renewable energy makes traditional thermal power unprofitable. The company has therefore sought to expand in emerging markets in Latin America, Asia and the Middle East.
GDF Suez's chief executive, Gerard Mestrallet, said regulatory stability in Latin America is in stark contrast to the situation in Europe, where almost all countries have recently changed the rules governing power utilities, resulting in losses and write-downs.
Ms. Kocher said the company is also seeking to expand in Southeast Asia and Africa.
Mr. Mestrallet said GDF Suez may buy or sell assets in Latin America, adding he sees opportunities to sell nuclear power plants to Brazil.
Write to Inti Landauro at [e-mail]
Subscribe to WSJ:

[waldron] 13/11/2014 08:14

By William Horobin and Inti Landauro
PARIS--GDF Suez SA (GSZ.FR) Thursday cut its full-year profit guidance as mild weather in Western Europe and the closure of its nuclear plants in Belgium hit its revenue and profitability.
The French power utility said its revenue fell 7.5% to EUR54.5 billion during the first nine months of the year, while its earnings before interest, taxes, depreciation and amortization dropped 15.4% to EUR8.9 billion.
The company blamed the warm weather in Western Europe that prompted a drop in demand for natural gas and the forced halting of two of the nuclear reactors it operates in Belgium.
The French power said it is able to confirm its financial targets with a dividend payout of a minimum of one euro a share. But the utility trimmed its full-year earnings target.
GDF Suez now expects recurring net profit--which excludes restructuring costs, impairments, disposals and non-recurring items--between EUR3.1 billion and EUR3.5 billion this year. It previously expected a range between EUR3.3 billion and EUR3.7 billion it previously targeted.
Write to Inti Landauro at [e-mail]
Subscribe to WSJ:

[waldron] 03/11/2014 09:11

13
Nov
2014Publication of results as of Sept. 30, 2014 (8:00 am Paris time)

[la forge] 23/10/2014 14:33

LONDON--BP PLC (BP.LN) and GDF SUEZ E&P U.K. Ltd. Thursday announced a new exploration discovery in the U.K. Central North Sea, which was flow tested at a maximum rate of 5,350 barrels of oil equivalent per days.
The discovery spans GDF SUEZ operated block 30/1f (license P1588) and BP operated block 30/1c (license P363). The discovery, referred to as "Marconi" by GDF SUEZ and "Vorlich" by BP, is located in the Central North Sea.
BP shares at 1235 GMT down 1 pence, or 0.22%, at 433 pence valuing the company at 79.40 billion pounds ($127.74 billion).
-Write to Ian Walker at [e-mail]
Subscribe to WSJ:

[grupo guitarlumber] 14/10/2014 18:40

13
Nov
2014Publication of results as of Sept. 30, 2014 (8:00 am Paris time)

[grupo guitarlumber] 13/10/2014 08:34

GDF SUEZ : Sous les résistances, une consolidation est probable

Dernier cours : 18.5
Support : 17.71 / 17.38
Resistance : 20.04 / 20.38
Opinion court terme : negative
Opinion moyen terme : neutre

[maywillow] 11/10/2014 09:52

Roll on 13th

cheers

[waldron] 05/10/2014 15:10

13
Nov
2014


Publication of results as of Sept. 30, 2014 (8:00 am Paris time)

[waldron] 21/9/2014 08:07

GDF Suez has announced it has acquired German firm Lahmeyer from owners Capiton GmbH through subsidiary company Tractebel Engineering.

In a statement, GDF Suez said the acquisition - valued at an EBITDA multiple slightly below 8 - is a perfect strategic fit for the company to pursue, through Tractebel Engineering, its international development and growth.

The acquisition creates a major player in engineering consultancy specialising in energy and infrastructure. The new combined entity will be able to deliver technical and project management services from a broader platform serving more clients in more markets, particularly Africa, Asia, Europe, Latin America and the Middle East, the company said in a statement.

The transaction is expected to be finalised by the end of 2014 following customary closing conditions and regulatory approvals.

[waldron] 14/9/2014 09:03

GDF SUEZ announces the principle of an interim dividend payment of €0.5/share for financial year 2014, to be paid October 15, 2014 1, with an October 13, 2014 ex-dividend date.