Paper: GDF Suez to Sell 30% Stake in its Australia Business

Reuters

PARIS, June 6 (Reuters) – French gas and power group GDF Suez is looking to sell a further 30 percent stake in its Australian power generation and retail business, the Wall Street Journal reported.

In October, GDF sold a 28 percent stake in the business to Japan's Mitsui but did not provide financial details.

The assets involved are a 1,542 megawatt coal-fired power station, two gas-fired plants, a wind farm with a combined capacity of 2,463 megawatts and retail business Simply Energy with some 350,000 electricity and gas accounts.

The company was not immediately available for comment.

(Reporting by Geert De Clercq. Editing by Jane Merriman)

 

Copyright 2017 Thomson Reuters. Click for Restrictions.

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