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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

GDF Suez’s missing spark

Posted on 11 August 2011

GDF Suez’s inventive streak continues. The Franco-Belgian power giant has sold minority stakes in upstream units for EUR2.9 billion to China’s sovereign wealth fund, partly to unlock value hidden within the group.
That should help end the stock’s losing streak given GDF Suez’s robust profits and stable dividend. Still, investors will likely remain skittish as long as politics wreak havoc on domestic earnings……………………………………….Full Article: Source


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