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French government to sell 3.1% stake in GDF Suez

  • The French government says it is selling a 3.1% stake in GDF Suez (GDFZY), with an option to sell as much as 3.6%, as part of an effort to raise cash and help pay for a controlling stake in Alstom (ALSMY), which is to merge its energy business with GE.
  • Based on Tuesday's closing price at the Paris Stock Exchange, the sale could raise €1.56B-€1.79B ($2.12B-$2.43B).
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Comments (5)
  • dawndale
    , contributor
    Comments (33) | Send Message
     
    CONTROL - one word that defines the world around us. GE is a good bet here and wherever else they plant their feet. As long as the leadership is wise, it will stay strong and a good investment.
    24 Jun 2014, 02:48 PM Reply Like
  • grimbiz@aol.com
    , contributor
    Comments (10) | Send Message
     
    A perfect fir for GE, to enhance their industrial holdings and
    partner once more with the french government!
    24 Jun 2014, 03:48 PM Reply Like
  • Navy Porkchop
    , contributor
    Comments (6) | Send Message
     
    Can a strong U. S. Public traded company co exist with the Socialistic French Government looking at every move ? Not so sure.
    24 Jun 2014, 05:30 PM Reply Like
  • eagerbill
    , contributor
    Comments (6) | Send Message
     
    Yes. They have been doing it for 20 years.
    24 Jun 2014, 09:48 PM Reply Like
  • eagerbill
    , contributor
    Comments (6) | Send Message
     
    Yes. They have been doing it for 20 years with SNECMA.
    24 Jun 2014, 09:49 PM Reply Like
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