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France's GDF Suez close to buying Repsol LNG unit

11.30.2012  | 

GDF Suez is interested in the unit as it is already big on liquefied natural gas production, export and supply shipment, according to company officials. A report says GDF chief executive Gerard Mestrallet may announce a deal during an investors day scheduled next Thursday.

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By INTI LANDAURO

French power company GDF Suez is close to seal a deal to buy the liquefied natural gas unit from Spain's oil company Repsol, French website Wansquare  said Friday, citing banking sources.

GDF Suez's CEO Gerard Mestrallet may announce a deal during an investors day scheduled next Thursday.

GDF Suez is interested in the unit as it is already big on liquefied natural gas production, export and supply shipment, Wansquare added.

Repsol put its natural gas unit, which operates in Canada, Peru and Trinidad and Tobago, after the Argentine government seized its oil activities in the country.

Officials at Repsol and GDF Suez declined to comment on the report.


Dow Jones Newswires



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