GDF Suez SA (GSZ.FR) Confirms International Power Buy
Category Business | Tuesday, August 10th, 2010French utility GDF Suez SA (GSZ.FR) Tuesday confirmed it is acquiring a majority stake in the U.K. independent power company International Power PLC (IPR.LN) as it reported first-half net profit rose 9 percent and confirmed its full-year forecasts.
Paris-based GDF Suez, which generates power around the world and supplies customers with natural gas, said net profit rose to EUR3.6 billion in the six months to June 30, beating an average expectation of EUR3.15 billion from a Dow Jones Newswires poll of six analysts.