GDF looks to buy remaining stake in Int'l Power

UK utility giant International Power has confirmed that it has received a non-binding indicative proposal from French electricity giant GDF Suez to buy-up the remaining stake in the firm.

UK utility giant International Power has confirmed that it has received a non-binding indicative proposal from French electricity giant GDF Suez to buy-up the remaining stake in the firm.

The 390p-a-share cash approach - for the remaining 30% interest in International Power that it does not already own - is a slight premium to yesterday's closing price of 383.4p and values the business at just under £20bn.

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