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BREAKING NEWS

GDF-Suez to take over International Power.

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GDF-Suez to take over International Power.

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The French utility company GDF-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.

The deal will only be sealed in mid-July, but its potential is so high that GDF-Suez has already raised its profit outlook for 2012.

With full control of International Power, GDF-Suez confirms its status as the world’s second electricity producer, behind its compatriot and rival EDF.