Engie Energy International
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Engie Energy International, formerly International Power, is a multinational electricity generation company headquartered in Newcastle upon Tyne, and a wholly owned subsidiary of the French company Engie (formerly GDF Suez).
Company type | Subsidiary (Private limited company) |
---|---|
Industry | Electricity |
Founded | 2000 (2000) |
Headquarters | , England, United Kingdom |
Key people | Dirk Beeuwsaert (Chairman) Philip Cox (CEO) |
Products | Electrical power |
Revenue | €16.167 billion (2011)[1] |
€2.805 billion (2011)[1] | |
€1.797 billion (2011)[1] | |
Parent | Engie |
Website | Official website |
The company was formed as International Power in 2000 by the demerger of National Power. It was listed on the London Stock Exchange from 2000 to 2 July 2012, and was a constituent of the FTSE 100 Index for most of that period. It had a market capitalisation of approximately £16.9 billion as of 23 December 2011, making it the 24th-largest company on the London Stock Exchange.[2]
In February 2011, GDF Suez acquired a 70% interest in International Power.[3][4] The purchase of the remaining 30% was announced by GDF Suez in April 2012, and the transaction closed in July 2012.[5] Following the acquisition, the company was renamed GDF Suez Energy International. In 2015, GDF Suez rebranded as Engie, and its subsidiary renamed itself in accordance.