GDF Suez also recently announced the acquisition of an additional 9.9% equity holding from Camargo Correa in the Jirau plant, subject to regulatory approval.
On project inception, shareholders agreed that Camargo Correa would exit the project during the later stages of construction, once the principal construction risks had been addressed. Following the acquisition, GDF Suez will increase its stake in the Jirau project from 50.1% to 60%. Camargo Correa remains fully committed to the success of the project as the principal civil contractor.
