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GdF Suez pulls out of business negotiations with Enea

Gdf Suez calls off a potential 11 billion zlotys deal with Enea.

19 November 2010

Sales negotiations between French energy company GdF Suez and Polish utility Enea have ended after the former company pulled out of talks.

The deal would have seen the French firm buy a controlling stake in the Polish enterprise for a value of over 11 billion zloty (£2.38 billion), Reuters reports.

Sources close to the sales negotiations were said to have revealed talks were ongoing between Enea and three interested parties earlier this week.

These included French power company EDF, Polish businessman Jan Kulczyk and Czech Republic based firm Energeticky a Prymuslovy Holding.

According to the news source, the Polish Ministry reopened talks with other enterprises - including GdF - in addition to those that were taking place with Mr Kulczyk, who had previously had exclusive negotiating rights with Enae.

Earlier this week, UK business Imagination Technologies announced it had held successful sales negotiation with US company HelloSoft and signed a $47 million (£29.4 million) deal that sees the UK-based processor technology manufacturer acquire the video and voice-over-internet firm. 

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