GDF Suez Partners With Marubeni On Portugal Power Assets

Law360, New York (August 5, 2013, 5:17 PM EDT) -- French energy giant GDF Suez has agreed to sell half of its 3,300-megawatt thermal and renewable power portfolio in Portugal to Japanese trader Marubeni Corp., it said Monday, adding to a string of joint ventures the pair has undertaken already.

Under the deal’s terms, Marubeni will take a 50 percent ownership interest in the projects. GDF Suez will hold onto the other half, and keep up operational and maintenance duties on-site alongside its new partner.

Financial terms of the deal were not disclosed, but GDF Suez...
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