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Suez-Tractebel

Shell’s Belgian Unit Sells Utilities

Forbes: Shell’s Belgian Unit Sells Utilities

Associated Press

Posted 8 Sept 04

Shell Transport and Trading Co. said Tuesday that its Belgian unit is selling its interest in two utilities to Suez Tractebel S.A. for about 380.4 million euros, or about $459.7 million.

Belgian Shell is selling its 16.67 percent interest in Distrigaz SA, a Belgian gas wholesale company, and its former unit Fluxys SA, a gas transmission company.

Suez Tractebel, Belgium’s largest utility holding company, agreed to pay 1648 euros ($1,991) per share for Distrigaz and 1600 euros ($1,933) per share for Fluxys, Shell said. Distrigaz last traded at 1,900 euros per share on the Brussels Stock Exchange while Fluxys traded at 1,757.50 euros per share. read more

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Shell to sell stakes in Belgian gas firms to France’s Suez

ChannelNewsAsia.com: Shell to sell stakes in Belgian gas firms to France’s Suez

“(460 million dollars).”: “The agreement is the result of commercial discussions that had been initiated several months ago,” Shell said in a statement to the London Stock Exchange after the close of trading.

Posted: 08 September 2004 0209 hrs

LONDON : British oil giant Shell announced that its Belgian arm had agreed to sell its stakes in two Belgian gas companies to utility group Suez-Tractebel in deals worth a total of around 380.4 million euros (460 million dollars).

Belgian Shell has agreed to sell each of its 16.67-percent stakes in Distrigas, the Belgian gas wholesale company, and Fluxys, the Belgian gas transmission company, to Suez-Tractebel, the Belgian arm of Suez, Shell said.

Suez-Tractebel will pay 1,648 euros per share for Shell’s stake in Distrigas and 1,600 euros per share for Shell’s interest in Fluxys. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.