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GDF Suez has confirmed that is has made a cash offer for the rest of the remaining International Power shares not already held by GDF Suez.
The firm has offered 390 pence per share.
The companies formally completed a part merger last February.
Under the deal GDF took a 70 per cent stake and International Power 30 per cent.
GDF said today that a full merger would simplify group structure, and enable International Power to grow more quickly and with greater certainty than under the existing structure.
GDF said it would seek to maintain its category A rating if the proposed transaction was to complete. That would likely mean it disposes more assets.
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