BNP Paribas CIB takes part in the creation of the energy giant GDF Suez
29.07.2008 | Group
BNP Paribas Corporate and Investement Banking (CIB) acted as lead financial advisor to Suez for the merger of GDF and Suez, as well as the spin-off of Suez Environnement Company. The merger between Gaz de France and Suez will create a world energy leader with prime market positions in natural gas and electricity, a secure and diversified energy supply stream, and a high-performance electricity production base.
The new GDF SUEZ Group will be the world's largest utility group by revenues, Europe's biggest purchaser of natural gas, the leading liquefied natural gas player worldwide, the leading natural gas transmission and distribution network operator in Europe, and Europe's second largest natural gas storage and gas tanker terminal operator.