GDF Suez to sell off power station stake
GDF did not reveal how much Marubeni paid for the stake but said the sale would result in a reduction of around €600 million (£518m) in its net debt this year and €300m in 2014.
The French company will keep a 50 per cent stake in the assets, which include coal and gas-fired thermal power plants with a capacity of 2,400 megawatts (MW) and renewable assets – mainly wind – with a capacity of 900MW.
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Hide AdMarubeni also yesterday confirmed it is taking a 25 per cent equity stake in a €100m deal with Dublin-based green energy developer Mainstream Renewable Power, which is behind £1.4 billion plans to build a wind farm off the Fife coast.