The Board of International Power Plc (IPR.L, IPRPY.PK) announced that it is in preliminary discussions with GDF Suez SA regarding a possible combination of International Power and GDF Suez's Energy International Business Areas and certain assets in the UK and Turkey to create an enlarged International Power which would be listed on the Official List of the Financial Services Authority and traded on the Main Market of the London Stock Exchange.
The Board of International Power expects that the possible combination warrants consideration given the strategic rationale and potential for synergies as a result of the combination and discussions are continuing between the two parties regarding the terms of the proposed combination. If the combination were to be completed, it is expected that shares in International Power would be issued to GDF Suez and that, as a result, GDF Suez would be the majority shareholder in the enlarged International Power.
For comments and feedback: editorial@rttnews.com