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GDF-Suez to take over International Power.

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By Euronews
GDF-Suez to take over International Power.

<p>The French utility company <span class="caps">GDF</span>-Suez raised its initial offer by 7% for the 30% of the British electricity provider it did not already own. International Power shares reached that price this Monday in London, the second biggest gain on the FTSE100.</p> <p>The deal will only be sealed in mid-July, but its potential is so high that <span class="caps">GDF</span>-Suez has already raised its profit outlook for 2012.</p> <p>With full control of International Power, <span class="caps">GDF</span>-Suez confirms its status as the world’s second electricity producer, behind its compatriot and rival <span class="caps">EDF</span>.</p>