GDF SUEZ and E.ON agree to swap 1,700 MW generation capacity in EuropeMemorandum of Understanding • December 18th, 2008 • Gaz De France • Natural gas distribution
This transaction will be totally asset and capacity swap based. It is a milestone in the implementation of the Group’s strategy in Germany. It will substantially strengthen GDF SUEZ’s sustainable and balanced position in generation and sales in this country, giving the Group a stronger position in a key value market. In electricity generation, it will provide the Group a more balanced and pan-European position and offer potential for developments (repowering, new build, lifetime extension). In business sales, it will allow for the development of new products and for mid- and long term customer relationships with industry and resellers.
