Suez raises its direct stake in Electrabel

Dec 15, 2003 01:00 AM

Suez recently made opportunistic purchases of Electrabel shares on the stock market, raising the Group's direct shareholding to 50.01 %, or 54.68 % inclusive of the joint action with the pure inter-municipal finance companies (4.67 %).
On May 8, 2003, Suez had reported that on its own it held 50.01 % of Electrabel's shares, inclusive of the joint action with the pure inter-municipal finance companies (4.67 %).

Suez, a worldwide industrial and services Group, active in sustainable development, provides companies, municipalities, and individuals innovative solutions in energy -- electricity and gas -- and the environment -- water and waste services.
In 2002, Suez generated revenues of EUR 40.218 bn (excluding energy trading).

Source: Canada NewsWire
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