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Client Work

International Power and GDF Suez complete US$30 billion cross-border business combination

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International Power

On February 3, 2011, International Power plc and GDF SUEZ announced the closing of the combination of International Power and GDF SUEZ's Energy International Business Areas (outside Europe) and certain assets in the UK and Turkey ("GDF SUEZ Energy International") . The combined business creates a global leader in independent power generation with over 66,000MW of gross capacity in operation and committed projects expected to deliver 22,000MW of gross capacity by 2013, with strong positions in major regional markets and an attractive growth profile. An aggregate of 3,554,347,956 new International Power ordinary shares (the "New Ordinary Shares") have been issued in connection with the combination to subsidiaries of GDF SUEZ. Admission to listing on the Official List of the UKLA and to trading on the London Stock Exchange's main market for listed securities of these New Ordinary Shares, and re-admission of the Existing Ordinary Shares also occurred on the same day. International Power was advised on Canadian regulatory aspects of this transaction with a team that included Peter Ascherl, Huy Do, André Turmel, Kevin Clinton, Song Hill and Pierre-Olivier Charlebois.


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