A consortium comprising F2i infrastructure fund, AXA Private Equity and Enel Distribution has acquired the distribution assets for EUR772m.
In June 2011, GDF Suez said this sale is part of its asset optimization program of EUR10bn by 2013.
The company has decided to focus its development in Italy principally around the production of electricity, mainly from renewable energy sources, and marketing electricity and natural gas.
GDF Suez said Italy is its third largest country in terms of revenues after France and Belgium.
