GDF Suez S.A. is a French multinational energy company which operates in the fields of
electricity generationElectricity generation is the process of generating electric energy from other forms of energy.The fundamental principles of electricity generation were discovered during the 1820s and early 1830s by the British scientist Michael Faraday...
and
distributionFile:Electricity grid simple- North America.svg|thumb|380px|right|Simplified diagram of AC electricity distribution from generation stations to consumers...
,
natural gasNatural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
and
renewable energyRenewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...
. The world's largest
utilityA public utility is an organization that maintains the infrastructure for a public service . Public utilities are subject to forms of public control and regulation ranging from local community-based groups to state-wide government monopolies...
after taking control of Britain's
International PowerInternational Power PLC is an international electricity generator formed in 2000 by the demerger of National Power. It is headquartered at Senator House, 85 Queen Victoria Street in the City of London...
, the company was initially formed by the
mergerMergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
of
Gaz de FranceGaz de France was a French company which produced, transported and sold natural gas around the world, especially in France, its main market. The company was also particularly active in Belgium, the United Kingdom, Germany, and other European countries. Through its part-owned Belgian subsidiary SPE...
and Suez on 22 July 2008. The firm also holds a 35% stake in
Suez EnvironnementSuez Environnement S.A. is a French-based utility company which operates largely in the water treatment and waste management sectors. Formerly an operating division of Suez, the company was spun out as a stand-alone entity as part of the merger to form GDF Suez on 22 July 2008. GDF Suez remains...
, the
water treatmentWater treatment describes those processes used to make water more acceptable for a desired end-use. These can include use as drinking water, industrial processes, medical and many other uses. The goal of all water treatment process is to remove existing contaminants in the water, or reduce the...
and
waste managementWaste management is the collection, transport, processing or disposal,managing and monitoring of waste materials. The term usually relates to materials produced by human activity, and the process is generally undertaken to reduce their effect on health, the environment or aesthetics...
company
spun offA spin-out, also known as a spin-off or a starburst, refers to a type of corporate action where a company "splits off" sections of itself as a separate business....
from Suez at the time of the merger.
As of 2010 GDF Suez employs 236,000 people worldwide, including 1,200 researchers and experts at 9 R&D centers, with revenues of €84.5 billion. GDF Suez is listed on the
EuronextEuronext N.V. is a pan-European stock exchange based in Amsterdam and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services...
exchanges in
ParisEuronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam, Lisbon and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the UK's London Stock Exchange...
and
BrusselsThe Brussels Stock Exchange was founded in Brussels, Belgium, by Napoleonic decree in 1801. On September 22, 2000, the BSE merged with Paris Bourse, Lisbon Stock Exchange and the stock exchanges of Amsterdam, to form Euronext N.V., the first pan-European exchange for equities and derivatives,...
and is a constituent of the
CAC 40The CAC 40 is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant values among the 100 highest market caps on the Paris Bourse...
and
BEL20The BEL20 is the benchmark stock market index of Euronext Brussels. In general, the index consists of a minimum of 10 and a maximum of 20 companies traded at the Brussels Stock Exchange. Since 20 June 2011, the BEL20 has contained 20 listings.-Rules:...
indices.
History
On February 25, 2006, French Prime minister
Dominique de VillepinDominique Marie François René Galouzeau de Villepin is a French politician who served as the Prime Minister of France from 31 May 2005 to 17 May 2007....
announced the
mergerMergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
of
water supplyWater supply is the provision of water by public utilities, commercial organisations, community endeavours or by individuals, usually via a system of pumps and pipes...
and
treatmentWater treatment describes those processes used to make water more acceptable for a desired end-use. These can include use as drinking water, industrial processes, medical and many other uses. The goal of all water treatment process is to remove existing contaminants in the water, or reduce the...
,
waste managementWaste management is the collection, transport, processing or disposal,managing and monitoring of waste materials. The term usually relates to materials produced by human activity, and the process is generally undertaken to reduce their effect on health, the environment or aesthetics...
and energy company Suez and power firm
Gaz de FranceGaz de France was a French company which produced, transported and sold natural gas around the world, especially in France, its main market. The company was also particularly active in Belgium, the United Kingdom, Germany, and other European countries. Through its part-owned Belgian subsidiary SPE...
, with the aim of creating the world's largest
liquefied natural gasLiquefied natural gas or LNG is natural gas that has been converted temporarily to liquid form for ease of storage or transport....
company. Since the French state owned over 80% of Gaz de France, it was necessary to pass a new law in order to make the merger possible. Whilst
Nicolas SarkozyNicolas Sarkozy is the 23rd and current President of the French Republic and ex officio Co-Prince of Andorra. He assumed the office on 16 May 2007 after defeating the Socialist Party candidate Ségolène Royal 10 days earlier....
was for several months opposed to the Villepin government’s plans for a merger of the two companies, preferring a three-way deal with Italy's
EnelEnel may refer to:*Enel SpA, an Italian electricity company*Enel , a fictional villain in the One Piece manga and anime series*Enel, meaning third in the fiction of J. R. R. Tolkien, cf. Awakening of the Elves...
which would maintain a controlling stake for the state, he subsequently accepted the government proposal.
The plan for a merger between Gaz de France and Suez came under fire from the whole of the political left, which feared the loss of one of the last ways of preventing the price rises experienced over the previous three years, and by the social
GaullistGaullism is a French political ideology based on the thought and action of Resistance leader then president Charles de Gaulle.-Foreign policy:...
s and
trade unionA trade union, trades union or labor union is an organization of workers that have banded together to achieve common goals such as better working conditions. The trade union, through its leadership, bargains with the employer on behalf of union members and negotiates labour contracts with...
s. In August 2006, the left-wing opposition submitted a record-breaking 137,449 amendments to the proposed legislation. Under normal procedure, parliament would have been required to vote on the amendments, which would have taken 10 years. The French Constitution does give the government options to bypass such a
filibusterA filibuster is a type of parliamentary procedure. Specifically, it is the right of an individual to extend debate, allowing a lone member to delay or entirely prevent a vote on a given proposal...
, but in the end these were not used.
Law No. 2006-1537 of December 7, 2006 on the energy sector authorised the
privatisationPrivatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
of Gaz de France. On 3 September 2007, Gaz de France and Suez announced agreed terms of merger, on the basis of an exchange of 21 Gaz de France shares for 22 Suez shares via the absorption of Suez by Gaz de France. Various holdings of Gaz de France and Suez had to be
divestedIn finance and economics, divestment or divestiture is the reduction of some kind of asset for either financial or ethical objectives or sale of an existing business by a firm...
in order to satisfy the concerns of the European Commissioner for Competition: GDF agreed to sell its approximate 25% stake in Belgian electricity producer SPE for €515 million. The stake was purchased by fellow SPE shareholder
CentricaCentrica plc is a multinational utility company, based in the United Kingdom but also with interests in North America. Centrica is the largest supplier of gas to domestic customers in the UK, and one of the largest suppliers of electricity, operating under the trading names "Scottish Gas" in...
which exercised its
right of first refusalRight of first refusal is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party...
, blocking a previous agreement to sell the stake to
Électricité de FranceÉlectricité de France S.A. is the second largest French utility company. Headquartered in Paris, France, with €65.2 billion in revenues in 2010, EDF operates a diverse portfolio of 120,000+ megawatts of generation capacity in Europe, Latin America, Asia, the Middle East and Africa.EDF is one of...
. Suez, meanwhile, was forced to reduce its shareholding in natural gas distributor
FluxysFluxys is a Belgium-based company, mainly acting as a natural gas operator. In 2004, it employed around 850 people and its infrastructure comprised about 3,700 km of pipelines and a terminal in Zeebrugge, Belgium...
and sell its Belgian gas supply subsidiary
DistrigasDistrigas is a natural gas company based in Belgium. It is a subsidiary of the Italian energy company Eni. In addition to Belgium, the company operates also in France, the Netherlands and Germany.-History:...
to
EniEni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...
.
The newly created GDF Suez came into existence on 22 July 2008; the world's second-largest
utilityA public utility is an organization that maintains the infrastructure for a public service . Public utilities are subject to forms of public control and regulation ranging from local community-based groups to state-wide government monopolies...
with over €74 billion in annual revenues. The deal resulted in the conversion of the French state's 80% stake in GDF into just over 35% of shares of the new company. The water and waste assets which formerly formed part of Suez were spun off into a new publicly traded company,
Suez EnvironnementSuez Environnement S.A. is a French-based utility company which operates largely in the water treatment and waste management sectors. Formerly an operating division of Suez, the company was spun out as a stand-alone entity as part of the merger to form GDF Suez on 22 July 2008. GDF Suez remains...
, in which GDF Suez retains a stake.
In July 2009, the
European CommissionThe European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
fined GDF Suez and
E.ONE.ON AG, marketed with an interpunct as E•ON, is the holding company of the world's largest investor-owned energy service provider based in Düsseldorf, Germany. The name comes from the Greek word aeon which means eternity....
€553 million both over arrangements on the
MEGAL pipelineThe MEGAL pipeline is a major natural gas pipeline system in southern Germany. It transports natural gas from the Czech–German and Austrian–German borders to the German–French border.-History:...
. It was the second biggest fines imposed by the European Commission and first one on the energy sector. In 1975, Ruhrgas and Gaz de France concluded a deal according to which they agreed not to sell gas in each other's home market. The deal was abandoned in 2005.
In October 2009 GDF Suez was placed 6th in an
A.T. KearneyA.T. Kearney is a global management consulting firm, focusing on strategic and operational CEO-agenda concerns. It was founded in 1926, and its head office is in Chicago, Illinois...
/
BusinessWeekBloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
ranking of the "World's Best Companies", the highest-placed European firm.
On 10 August 2010 the company announced a merger of its GDF Suez Energy International business unit, along with its operations within the
United KingdomThe United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and
TurkeyTurkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
, with
International PowerInternational Power PLC is an international electricity generator formed in 2000 by the demerger of National Power. It is headquartered at Senator House, 85 Queen Victoria Street in the City of London...
. The enlarged company will retain International Power's listing on the
London Stock ExchangeThe London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and be 70% owned by GDF Suez.
Operations
GDF Suez is organized in six business lines: Energy France, comprising a unit that supplies natural gas and electricity to private customers, professionals and businesses throughout France; Energy Europe and International, engaged in the production of electricity and distribution and supplying of gas out through five divisions in Benelux and Germany, the rest of European countries, North and Latin America, Middle East, Asia and Africa; Global Gas and Liquid Natural Gas (LNG), which includes exploration-production, supply, sales and liquid natural gas (LNG) project-related activities; Infrastructures, which operates the transport, supply and storage of natural gas and the regasification of LNG; Energy Services, providing consulting services for the design and construction of electrical, nuclear, gas and industrial facilities; and Environment, specialized in the provision of water, waste treatment and recovery.
Key Figures
- 218,350 employees in close to 70 countries
- inc. 62,900 in electricity and gas
- and 155,450 in services.
- €84.5 billion in 2010 revenues.
- €11 billion in investments per year over 2011-2013.
- 1,100 researchers and experts at 9 R&D centers.
- 1st company in the “utilities” sector worldwide (Forbes Global 2000).
- Most valuable brand in the “utilities” sector worldwide (Brand Finance
Brand Finance is an independent intangible asset valuation consultancy. It advises strongly branded organisations, or those with valuable intangible assets, on how to maximise their value through effective management of their brand and other intangible assets...
Global 500).
- 6th company in the world (A.T. Kearney – World’s Best Companies 2009).
France
Thanks to former Suez
subsidiariesA subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
such as Compagnie Nationale du Rhône (CNR),
ElectrabelElectrabel is a Belgium-based energy corporation. It is a subsidiary of GDF Suez.-History:Electrabel was established in 1905. Its actual name originates from 1990, after the regrouping of the companies Intercom, Ebes and Unerg....
and Société Hydro Electrique du Midi (SHEM), GDF Suez is the second-largest
generator of electricityElectricity generation is the process of generating electric energy from other forms of energy.The fundamental principles of electricity generation were discovered during the 1820s and early 1830s by the British scientist Michael Faraday...
in France behind
EDFÉlectricité de France S.A. is the second largest French utility company. Headquartered in Paris, France, with €65.2 billion in revenues in 2010, EDF operates a diverse portfolio of 120,000+ megawatts of generation capacity in Europe, Latin America, Asia, the Middle East and Africa.EDF is one of...
. 64% of the group's production comes from
renewableRenewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...
sources, principally
hydroelectricityHydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. It is the most widely used form of renewable energy...
(through CNR and SHEM) and
wind powerWind power is the conversion of wind energy into a useful form of energy, such as using wind turbines to make electricity, windmills for mechanical power, windpumps for water pumping or drainage, or sails to propel ships....
, the latter of which both Gaz de France and Suez moved aggressively into in 2007 and 2008. Recently acquired subsidiaries include La Compagnie du Vent (majority stake), the
wind farmA wind farm is a group of wind turbines in the same location used to produce electric power. A large wind farm may consist of several hundred individual wind turbines, and cover an extended area of hundreds of square miles, but the land between the turbines may be used for agricultural or other...
business of Nass & Wind and Erelia. The company also operates a natural gas-fired
combined cycleIn electric power generation a combined cycle is an assembly of heat engines that work in tandem off the same source of heat, converting it into mechanical energy, which in turn usually drives electrical generators...
power plantA power station is an industrial facility for the generation of electric energy....
(DK6) in
Dunkirk. With the stated aim of reaching a total production capacity of 10GW by 2013, three gas-fired
thermal power plantA thermal power station is a power plant in which the prime mover is steam driven. Water is heated, turns into steam and spins a steam turbine which drives an electrical generator. After it passes through the turbine, the steam is condensed in a condenser and recycled to where it was heated; this...
s at
Fos-sur-MerFos-sur-Mer is a commune in the Bouches-du-Rhône department in southern France.-Geography:Fos-sur-Mer is situated about north west of Marseille, on the Mediterranean coast, and to the west of the Étang de Berre. The city has of sand beach.-Population:...
,
Montoir-de-BretagneMontoir-de-Bretagne is a commune in the Loire-Atlantique department in western France.-See also:* Brière* Communes of the Loire-Atlantique department...
and
Saint-BrieucSaint-Brieuc is a commune in the Côtes-d'Armor department in Brittany in northwestern France.-History:Saint-Brieuc is named after a Welsh monk Brioc, who evangelized the region in the 6th century and established an oratory there...
are currently in various stages of development, as is a solar panel project in
CurbansCurbans is a commune in the Alpes-de-Haute-Provence department in southeastern France.-Population:...
.
International
The GDF Suez group also generates electricity in a number of countries outside France. Most notably, the company is the leading producer in both
BelgiumBelgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
and the
NetherlandsThe Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
through
ElectrabelElectrabel is a Belgium-based energy corporation. It is a subsidiary of GDF Suez.-History:Electrabel was established in 1905. Its actual name originates from 1990, after the regrouping of the companies Intercom, Ebes and Unerg....
(and the fifth-largest generator in
EuropeEurope is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
overall), as well as the largest non-
state ownedA government-owned corporation, state-owned company, state-owned entity, state enterprise, publicly owned corporation, government business enterprise, or parastatal is a legal entity created by a government to undertake commercial activities on behalf of an owner government...
generator in both
BrazilBrazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
and
ThailandThailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...
(thanks to majority stakes in
Tractebel EnergiaTractebel Energia is a major Brazilian utility company, headquartered in Florianópolis, Santa Catarina. It is the largest private electricity producer in Brazil. Its 11 plants, six of them hydroelectric and the remainder thermal, have an installed capacity of 6,977 MW in operations ave an...
and
Glow EnergyGlow Energy PCL is a power and utility company in Thailand. The company was established in 1993. Glow Energy is one of the largest private electricity generators in Thailand...
respectively). GDF Suez also holds a 50% stake in
NuGenerationNuGeneration is a company with plans to build a new nuclear power station on the Sellafield site in the United Kingdom.NuGen was establised in February 2009 as a joint venture between GDF Suez, Iberdrola and Scottish and Southern Energy...
(NuGen), a company planning to build a new nuclear power station of up to 3.6GW capacity at
SellafieldSellafield is a nuclear reprocessing site, close to the village of Seascale on the coast of the Irish Sea in Cumbria, England. The site is served by Sellafield railway station. Sellafield is an off-shoot from the original nuclear reactor site at Windscale which is currently undergoing...
in the
United KingdomThe United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. The other 50% of NuGen is held by
IberdrolaIberdrola , headquartered in Bilbao, is a private utility with a global footprint and over 150 years of experience...
. The company also operates in
NorthNorth America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
and
Latin AmericaLatin America is a region of the Americas where Romance languages – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...
through its Suez Energy International unit, as well as in other European and
AsiaAsia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
n countries. The company generates electricity through various types of plants, including thermal power, nuclear power,
combined heat and powerCogeneration is the use of a heat engine or a power station to simultaneously generate both electricity and useful heat....
,
wind farmA wind farm is a group of wind turbines in the same location used to produce electric power. A large wind farm may consist of several hundred individual wind turbines, and cover an extended area of hundreds of square miles, but the land between the turbines may be used for agricultural or other...
s,
hydroelectricHydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. It is the most widely used form of renewable energy...
and
biomassBiomass, as a renewable energy source, is biological material from living, or recently living organisms. As an energy source, biomass can either be used directly, or converted into other energy products such as biofuel....
.
Carbon intensity
| Year |
Production (TWh TWH or twh could refer to:*Tennessee Walking Horse, a breed of horse* Toronto Western Hospital, a hospital in Toronto, Canada* TWH Bus & Coach, a bus company in Romford, England* Terrawatt-hour, measure of electrical energy, 1012 watt-hours...
) |
Emission (Gt CO2) |
kg CO2/MWh |
| 2002 |
115 |
44.48 |
387 |
| 2003 |
130 |
41.59 |
320 |
| 2004 |
125 |
40.83 |
327 |
| 2005 |
123 |
39.36 |
319 |
| 2006 |
129 |
40.4 |
314 |
| 2007 |
148 |
50.52 |
341 |
| 2008 |
145 |
47.58 |
327 |
| 2009 |
141 |
45.44 |
322 |
French customer offerings
- Dolcevita: for private consumers
- Provalys: for small business
A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships...
es
- Energies Communes: for governmental consumers (cities, régions
France is divided into 27 administrative regions , 22 of which are in Metropolitan France, and five of which are overseas. Corsica is a territorial collectivity , but is considered a region in mainstream usage, and is even shown as such on the INSEE website...
)
- Energy: for large companies and corporations
- Cegibat: for construction and building companies
Subsidiaries and holdings
- Gaselys
Gaselys is a LNG carrier of Gaz de France. When taken into service in 2007, she and her sister-ship Provalys were the largest LNG carriers in existence.-External links:*...
— Energy Trading (100% stake)
- Electrabel
Electrabel is a Belgium-based energy corporation. It is a subsidiary of GDF Suez.-History:Electrabel was established in 1905. Its actual name originates from 1990, after the regrouping of the companies Intercom, Ebes and Unerg....
— electricity in Europe (largest provider in Belgium)
- Cofely – building services/facilities management
- Fluxys
Fluxys is a Belgium-based company, mainly acting as a natural gas operator. In 2004, it employed around 850 people and its infrastructure comprised about 3,700 km of pipelines and a terminal in Zeebrugge, Belgium...
— high pressure gas grid operator in Belgium (45% stake)
- GRTgaz
GRTgaz is the operator of a gas transmission system in France. This system consists of pipelines through which natural gas flows at high pressure, in excess of 60 bar...
— gas transmission network operator in France
- Tractebel Energia
Tractebel Energia is a major Brazilian utility company, headquartered in Florianópolis, Santa Catarina. It is the largest private electricity producer in Brazil. Its 11 plants, six of them hydroelectric and the remainder thermal, have an installed capacity of 6,977 MW in operations ave an...
— BrazilBrazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
ian electricity generator (67.8% stake)
- Tractebel Engineering
Tractebel Engineering is a Belgium based, international company providing worldwide life-cycle consultancy and engineering in power, nuclear, gas, industry and infrastructure for the GDF SUEZ Group – within GDF SUEZ Energy Services - as well as for national and international institutions and...
— International engineering consultancy
- Suez Environnement
Suez Environnement S.A. is a French-based utility company which operates largely in the water treatment and waste management sectors. Formerly an operating division of Suez, the company was spun out as a stand-alone entity as part of the merger to form GDF Suez on 22 July 2008. GDF Suez remains...
— former water and waste assets of Suez (35% stake)
Shareholder structure
The largest shareholder in GDF Suez as of 31 December 2009 is the
Government of FranceThe government of the French Republic is a semi-presidential system determined by the French Constitution of the fifth Republic. The nation declares itself to be an "indivisible, secular, democratic, and social Republic"...
with 35.9%. Other major stakes are held by
Groupe Bruxelles LambertGroupe Bruxelles Lambert is a Belgian industrial holding company. It is one of the ten biggest Belgian companies, and part of the BEL20. It has been listed in Brussels since 1956.Shareholdings as of 31 December 2010 were:...
(5.2%), employees of the company (2.3%),
Caisse des Dépôts et ConsignationsThe Caisse des Dépôts et Consignations is a French financial organization created in 1816, and part of the government institutions under the control of the Parliament. Augustin De Romanet is the board chairman and chief executive...
(1.9%),
CNP AssurancesCNP Assurances S.A. is a major French insurance corporation. CNP stands for Caisse Nationale de Prévoyance. It is listed on the Fortune Global 500. The company was formed in 1959 as a subsidiary of Caisse des dépôts et consignations, which continues to hold approximately 40% of the company....
(1.1%) and
SofinaSofina, Société Financière de Transports et d'Entreprises Industrielles, is a Belgian holding company, headquartered in Brussels, which invests in several industrial sectors such as Telecommunication , Portfolio companies, Banks and Insurance , Private Equity , Services within the Company ,...
(0.6%).
Treasury stockA treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ....
accounted for a further 2% of the company's share capital.
Management
The GDF Suez General Management:
- Gérard Mestrallet
Gérard Mestrallet is the Chairman of the Board and CEO of GDF Suez.-Biography:Gérard Mestrallet was born on 1 April 1949. He graduated from the Ecole Polytechnique of Paris and the Ecole Nationale d’Administration....
, Chairman & Chief Executive Officer
- Jean-François Cirelli, Vice-Chairman and President.
GDF Suez is administered by a Board of Directors of 23 members. The Board is backed by the recommendations of five specialized committees.
The Management Committee and the Executive Committee make up the executive bodies of GDF Suez.
The GDF Suez Management Committee:
- Gérard Mestrallet
Gérard Mestrallet is the Chairman of the Board and CEO of GDF Suez.-Biography:Gérard Mestrallet was born on 1 April 1949. He graduated from the Ecole Polytechnique of Paris and the Ecole Nationale d’Administration....
, Chairman and Chief Executive Officer
- Jean-François Cirelli, Executive Vice-President & Chief Operating Officer
- Dirk Beeuwsaert, Executive Vice President, in charge of the Energy Europe & International business line
- Jean-Marie Dauger, Executive Vice President, in charge of the Global Gas & LNG Division
- Gérard Lamarche, Executive Vice President, in charge of Finance.
- Jérôme Tolot, Executive Vice President, in charge of Energy Services Business line.
External links