SUEZ Will Raise its Stake in Gas Natural to 11.3%
May 15 2007 - 4:59AM
PR Newswire (US)
PARIS, May 15 /PRNewswire-FirstCall/ -- In compliance with
regulation, SUEZ informed the Comision Nacional del Mercado de
Valores** (CNMV) that it completed the acquisition of 4.55% of Gas
Natural's share capital in 2007 and that it now holds 9.95% of the
share capital of the company. SUEZ also informed it entered into an
agreement to secure the acquisition of an additional 1.35% stake.
SUEZ will therefore control 11.3% of Gas Natural's share capital,
provided the Comision Nacional de Energia* (CNE) grants its
authorization for SUEZ to raise its stake over 10%. At December 31,
2006, SUEZ already held a 5.4% stake in Gas Natural (5% via Hisusa
which it controls and 0.4 % owned directly by SUEZ). SUEZ
investment in Gas Natural, Spain's gas market leader, is in line
with the Group strategy to expand dynamically in the European
energy and environment markets. * Regulatory body for Spain's
energy systems. ** Agency in charge of supervising and inspecting
the Spanish Stock Markets and the activities of all the
participants in those markets. SUEZ, an international industrial
Group, designs sustainable and innovative solutions for the
management of public utility services as a partner of public
authorities, businesses and individuals. The Group aims to meet
essential needs in electricity, natural gas, energy services, water
and waste management. SUEZ is listed on the Brussels, Luxembourg,
Paris, New York and Zurich stock exchanges and is represented in
the major international indices: CAC 40, BEL 20, DJ STOXX 50, DJ
EURO STOXX 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI
Eurozone. Disclaimer This press release contains certain
forward-looking statements, particularly with respect to future
events, trends, plans or objectives. These statements are based on
management's current views and assumptions and involve a number of
risks and uncertainties that may lead to a significant difference
between actual results and those suggested either explicitly or
implicitly in these statements (or suggested by past results).
Additional information about these risks and uncertainties appears
in documents filed by SUEZ with the U.S. Securities and Exchange
Commission and the Autorite des Marches Financiers (French
securities regulator). The present forward-looking statements are
made as of the date of the present release, with no undertaking by
SUEZ to update or revise them, whether in connection with new
information, future events, or any other factor. Press Contacts:
Analyst Contacts: France: +33-1-4006-6651/6668 +33-1-4006-6489
Belgium: +32-2-510-76-70 This release is also available on the
Internet: http://www.suez.com/ DATASOURCE: SUEZ CONTACT: Press
Contacts: France: +33-1-4006-6651/6668; Belgium: +32-2-510-76-70;
Analyst Contacts: France: +33-1-4006-6489
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