Tractebel to buy 25% of power plant in Poland

Article Abstract:

Tractebel SA will acquire a minority share in Tadeusza Kosciuszki SA's power plant in Polaniec, Poland. Tractebel will acquire 25% of the facility for 87.5 million euros.

Asset sales & divestitures, Mergers, acquisitions and divestments, Energy industries, Energy industry, Tractebel S.A./N.V., Tadeusza Kosciuszki S.A.

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EdF is looking to enter race for U.K. plants

Article Abstract:

French electric utility Electricite de France has announced plans to build up to five nuclear power plants in the United Kingdom, with the new plants slated to come on line in the next decade. Estimates place the cost of the venture at approximately $21.5 bil.

United Kingdom, Strategy & planning, Planning, Foreign operations, France, Nuclear power plants, Electricite de France, Company business planning

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Merger talk boosts shares of Tractebel

Article Abstract:

Tractebel, an electricity and gas provider, has seen its shares rising due to rumors on a possible merger with its subsidiary, Electrabel, and closer ties to its parent company, Suez Lyonnaise des Eaux. Tractebel's shares increased 6.5% on June 10, 1998, to close at 5,540 Belgian francs, or $150.80, per share, while Electrabel's shares rose 80 francs to close at 9,620 francs. The speculation over a Tractebel-Electrabel merger is driven by a series of major deals involving the French holding company, Suez Lyonnaise. Suez Lyonnaise's moves are considered as preparation for securing its control over its 50%-owned Tractebel unit, and Tractebel's 40%-owned Electrabel unit. Electrabel and Tractebel also announced a joint venture to trade in the electricity markets of Norway and Sweden.

Comment:

Is rumored to merge with Tractebel that resulted to the rise of its shares

Utilities, Electric & Gas Utilities, Gas utilities, Electrabel S.A./N.V., Tractebel S.A., Article

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