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International Power shareholders wave through GDF Suez bid

GDF Suez expects to complete its acquisition of International Power before the end of this month.

International Power’s minority shareholders today agreed the move for the remaining 30 per cent of the company not yet controlled by GDF Suez. The firm acquired a 70 per cent stake in International Power last February.

GDF Suez’s opening bid for the remainder was 390 pence per share. International Power’s board held out for 418 pence per share.