As expected, GDF Suez (GDFZY.PK) and International Power (IPRPY.PK) agree to a tie-up that will...

|By:, SA News Editor

As expected, GDF Suez (GDFZY.PK) and International Power (IPRPY.PK) agree to a tie-up that will see GDF take control of 70% of the combined company and pay shareholders a special dividend of 92 pence ($1.45) per share. Both firms also released H1 earnings: GDF, IP.