International Power reshapes portfolio

International Power, the UK power generator which is 70% owned by French utility GDF SUEZ, has entered into two separate sale and purchase agreements.

International Power, the UK power generator which is 70% owned by French utility GDF SUEZ, has entered into two separate sale and purchase agreements.

The company is selling its total shareholding of 17.4% in the Hub Power Company for a total of around €51m. The operations and maintenance for the Hub plant will continue to be carried out by an International Power subsidiary.

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