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GDF Suez approached by Chinese sovereign fund-paper
PARIS |
PARIS Oct 19 (Reuters) - GDF Suez (GSZ.PA) has been approached by a Chinese sovereign fund eager to take a minority interest in the French utility, its chief executive said in a newspaper interview on Monday.
Asked by French daily Liberation if he was discussing the entry into GDF Suez's capital of a Chinese sovereign fund, Gerard Mestrallet said: "I did not ask for anything, I have no shares to sell. They came to see us, keen to consider a long-term minority investment ... In these conditions, I say welcome."
GDF Suez is 35.6 percent owned by the French government which also has a golden share. Belgian holding company Groupe Bruxelles Lambert (GBLB.BR) follows with a 5.3 percent stake.
GDF Suez shares were up 1.1 percent at 29.87 euros by 1055 GMT, in a wider European utilities .SX7P sector up 0.6 percent. (Reporting by Dominique Vidalon; Editing by Marie Maitre and Dan Lalor)
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