The disposal of Suez’s 57.25% stake in Distrigas is one of the undertakings proposed by Suez and Gaz de France (GDF) to the European Commission (EC) in the framework of their proposed merger.
Suez and Eni are expected to sign a definitive sale agreement by May 29, 2008. The agreement will be conditional on the merger of Suez and GDF, the pre-emption right of Publigas not being exercised and the approval of the EC.
Concurrently, Suez has entered into negotiations with Eni regarding the acquisition of a number of energy assets.
