EU to approve GDF takeover of International Power: source

26th January 2011, Comments 0 comments

The European Commission will give the green light on Wednesday to the takeover of Britain's International Power by French energy giant GDF Suez, a source close to the matter told AFP.

GDF will give up a 33 percent stake that International Power owns in a power plant in Belgium in order to lift the objections of Belgian and European regulators, the source said.

© 2011 AFP

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