Talks Collapse Between GDF Suez and International Power on Asset Merger
GALWAY, IRELAND--February 2, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--The unofficial talks between GDF Suez SA (EPA:GSZ) (Paris, France) and International Power plc (OTC:IPRPY) (London, England) regarding the merger of the companies' international assets have collapsed. Although the deal had never been formally proposed, the two companies had apparently been in talks for several months about merging some of GDF's international assets outside Europe into International Power, with GDF holding a majority stake in the proposed group, while International Power's management team would be in control of operating the joint venture.
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