GDF Suez, CIC agree on €2.9 billion E&P deal

GDF Suez has unveiled a “far-reaching alliance” with China Investment Corp. (CIC) that includes the acquisition of a 30% stake in GDF Suez’s oil and gas exploration and production business for €2.3 billion and purchase of a 10% stake in its LNG Atlantic liquefaction plant in Trinidad and Tobago for €600 million.

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