GDF Suez Net Worth is$58.3 B
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Company Name: GDF Suez S.A.
Company Logo: Image:GDF Suez.svg
Company Type: S.A. (corporation)
Traded As: GSZ
Location City: 8th arrondissement of Paris, Paris
Location Country: France
Foundation: 22 July 2008
Industry: Electric utility
Predecessor: Gaz de France, Suez S.A.
Products: Natural gas production, sale and distribution, electricity generation and electricity distribution, hydroelectricity, wind power, Commodity markets
Revenue: Euro84.48 billion (2010) Operating Income: €8.795 billion (2010) Net Income: €4.616 billion (2010) Assets: €184.66 billion (end 2010) Equity: €70.72 billion (end 2010) Num Employees: 236,120 (average, 2010) Key People: Gérard Mestrallet (Chairman and chief executive officer), Jean-François Cirelli (Vice-Chairman and President)
Homepage: []
Intl: yes
GDF Suez S.A. is a French multinational electric utility company, headquartered in 8th arrondissement, Paris; which operates in the fields of electricity generation and distribution, natural gas and renewable energy.
The company, formed on 22 July 2008 by the merger of Gaz de France and Suez, traces its origins to the Universal Suez Canal Company founded in 1858 to construct the Suez Canal. The firm also holds a 35% stake in Suez Environnement, the water treatment and waste management company spun off from Suez at the time of the merger.
GDF Suez bought 70% of Britain's International Power in August 2010, creating the world's largest independent utility company. The purchase of the remaining 30% was announced by GDF Suez in April 2012, and the transaction completed in July 2012.
As of 2010 GDF Suez employs 236,000 people worldwide, including 1,200 researchers and experts at 9 R&D centers, with revenues of a??84.5 billion. GDF Suez is listed on the Euronext exchanges in Paris and Brussels and is a constituent of the CAC 40 and BEL20 indices.
Prior to the GDF Suez merger plans in 2006, the company existed as two separate French multinational corporations - Suez S.A. and Gaz de France, with a heritage tracing two centuries.
Suez was (and still remains, through GDF Suez as) one of the oldest continuously existing multinational corporations in the world as the result of nearly two centuries of reorganisation and corporate mergers. One line of corporate history dates back to the 1822 founded Algemeene Nederlandsche Maatschappij ter begunstiging van de volksvlijt (literally: General Dutch Company for the favouring of industry) by King William I of the Netherlands (see SociA(C)tA(C) GA(C)nA(C)rale de Belgique). The origin of its name 'Suez' traces back to its another founding entity a?? the Compagnie universelle du canal maritime de Suez founded in 1858 to build the Suez Canal. Suez S.A. was result of a 1997 merger between the Compagnie de Suez and Lyonnaise

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GDF Suez Latest News

Gazprom : The American Energy News

Jan. 2012 – Gazprom agrees to make price adjustments to its long-term supply contracts with France’s GDF Suez (now Engie), Germany’s Wingas, Slovakia’s SPP, Italy’s Sinergie Italiane, Austria’s Econgas. Feb. 2012 – Polish utility PGNiG seeks ...
Posted: October 25, 2016, 11:32 am

European Commission’s in-depth investigation into Luxembourg’s alleged fiscal aid in favour of GDF Suez

On 19 September, the European Commission opened an in-depth investigation into Luxembourg’s alleged fiscal aid in favour of the GDF Suez group. Following its preliminary assessment, the Commission found an inconsistency in the application of national tax ...
Posted: October 12, 2016, 5:00 pm

TABLE-Belgian nuclear power reactor outages

Oct 25 (Reuters) - Belgium has seven nuclear power reactors with a combined capacity of almost 6 gigawatts, which are operated by Electrabel, part of France's Engie (formerly known as GDF Suez). Two of those reactors, Doel 1 and Doel 2, were scheduled to ...
Posted: October 25, 2016, 1:40 am
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