Law360, New York (August 10, 2010, 11:56 AM ET) -- French electricity giant GDF Suez SA said Tuesday it was set to take control of International Power PLC by combining its GDF Suez Energy International unit with the U.K.-based power producer, with the new company to pay current International Power shareholders a $2.2 billion special dividend.
The newly formed company, referred to for the time being as New International Power, is estimated to generate more than $110 billion in yearly earnings, which would make it the world's largest utility by revenue, the companies said. It is...
Linklaters Reps GDF Suez In International Power Buy
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