GDF Suez, E.ON Pocket €2.6B In Slovak Gas Co. Sale

Law360, New York (January 15, 2013, 1:26 PM EST) -- GDF Suez SA and E.ON SE have both agreed to sell their stakes in a Slovak gas company to Czech investment firm Energeticky a Prumyslovy Holding for €2.6 billion ($3.5 billion), the parties said Tuesday.

Touting the deal as the largest investment made by a Czech firm in a foreign entity, EPH will pay €1.3 billion for each of the seller's 24.5 percent shares, snagging 49 percent control of Slovensky Plynarensky Priemysel AS. The Slovak government will retain the remainder of the company's shares.

Having already...
To view the full article, register now.