GDF Suez to acquire British group International Power
French energy group GDF Suez will acquire 70 percent of its British competitor International Power, the two groups announced in a joint statement Tuesday.
French utility GDF Suez took full control of Britain's International Power IPR.L on Monday through a sweetened offer of 6.4 billion pounds, leaving the world's biggest independent power producer better placed to win contracts in fast-growing emerging markets.