GDF Suez (GDFZY.PK) and International Power (IPRPY.PK) are reportedly close to a deal that would...

|By:, SA News Editor

GDF Suez (GDFZY.PK) and International Power (IPRPY.PK) are reportedly close to a deal that would see France's No. 2 utility take control of the British company. GDF Suez would pay IP shareholders a special £1.3B ($2.1B) dividend and take control of two-thirds of the enlarged company. The firms are pushing to reach a deal before they report earnings on Aug. 10.