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FINANCIAL NEWS
French GDF SUEZ sells 10% of stake in Sohar Power Company
03 Jun 2013
(MENAFN) Shankar Krishnamoorthy, president and CEO of GDF SUEZ South Asia, Middle East & Africa, stated that the company sold 10 percent of its stake in Sohar Power Company in Oman, reported Arabian Business.
The CEO also said that the sale was to an investment holding company of MENA Infrastructure Fund. GDF SUEZ had a 35 percent stake left in the Oman-based company after the completion of the sale.
Krishnamoorthy added that the French firm’s 35 percent meant that it still had the biggest share in Sohar.
It is worth mentioning that GDF SUEZ retains interests in five other power assets which are Barka 2, Sohar 2, Al Rusail, Barka 3, and Al Kamil.
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