GDF Suez

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Background

In July 2008 the energy division of Suez merged with French state energy company Gaz de France, creating GDF Suez. In one fell swoop the merger created 'the world's fourth largest energy utility by market capitalization, behind Russia's Gazprom, France's EDF and Germany's E.ON. The combined revenues of Suez and Gaz de France were about $117 billion, with earnings of almost $8.85 billion'[1]. Suez Environment, the water and waste division is 35% part owned by GDF Suez, as such there is quite an overlap on the board of Suez Environment from that of GDF Suez.[2]

GDF Suez is a partner in the UK nuclear energy consoritium Nugen.

Subsidiaries

Notes

  1. Chris Eales, Alan Kovski, 'New French energy giant GDF Suez officially launched following merger of GDF and Suez', Global Power Report (July 24 2008)
  2. Give ref and note which people overlap?