| Gaz de France | |
|---|---|
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| Type | Public-Owned Company (Euronext: GAZ) |
| Founded | 1946 |
| Headquarters | Paris, France |
| Key people | Jean-François Cirelli (CEO) |
| Industry | Energy Producer and Services Provider |
| Employees | 53,100 (2005) |
| Website | www.gazdefrance.com |
Gaz de France (GDF) is a French company which produces, transports and sells natural gas around the world and especially in France which is its main market, but also Belgium, the United Kingdom, Germany and other European countries. Euronext NV is a pan- European Stock exchange based in Paris and with subsidiaries in Belgium, France, Netherlands Paris (ˈpærɨs in English; in French) is the Capital of France and the country's largest city This article is about the country For a topic outline on this subject see List of basic France topics. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages This article is about the country For a topic outline on this subject see List of basic France topics. Natural gas is a Gaseous Fossil fuel consisting primarily of Methane but including significant quantities of Ethane, Propane, This article is about the country For a topic outline on this subject see List of basic France topics. The Kingdom of Belgium is a Country in northwest Europe. It is a founding member of the European Union and hosts its headquarters as well as those The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. Through its Belgian subsidiary SPE it is also involved in nuclear power generation[1]. Nuclear power is any Nuclear technology designed to extract usable Energy from atomic nuclei via controlled Nuclear reactions
Contents |
GDF Main Customer Programs
- GDF Dolcevita : for private consumers
- GDF Provalys : for small businesses
- GDF Energies Communes : For Governmental consumers (cities, regions)
- GDF Energy : for big companies and corporations
- GDF Cegibat : for Construction and building companies
History
Gaz de France was created with its sister company Électricité de France (EDF) in 1946 by the French Government. Électricité de France ( EDF) is the main Electricity generation and distribution company in France. Gaz de France is a French energy company specializing in the transmission and distribution of natural gas. GDF is still a public-owned company but it has recently bought some assets outside France because the Gas market will soon be opened to foreign competitors. Competition is a rivalry between individuals groups nations or animals for territory or resources
Since the opening up of Europe’s energy markets, Gaz de France has also been present in the electricity market, having developed combined natural gas-electricity offerings.
EDF and Gaz de France are now two totally separate entities. Each of them controls a distribution subsidiary, which is responsible for running its distribution system. For Gaz de France, this is the Gaz de France Distributor. Together, these two distributors manage a joint department, “EDF Gaz de France Distribution” formerly called “EDF GDF SERVICES”, which is responsible for field-based activities (meter reading, activating connections, engineering work, etc. ).
The company's capital has been partially opened to public investors in July 2005 at 30% of the capital. See Investor AB for the Swedish investment company An investor is any party that makes an Investment. The initial Stock price has been fixed at €23. 40 per shares at the beginning of the trading session. In financial markets, a share is a Unit of account for various financial instruments including Stocks Mutual funds Limited partnerships
Merger with Suez
On February 25, 2006, French Prime minister Dominique de Villepin announced the merger of Suez and GDF, which would make the first world liquefied natural gas company[2]. Events 138 - The Emperor Hadrian adopts Antoninus Pius, effectively making him his successor Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Dominique de Villepin (born Dominique Marie François René Galouzeau de Villepin (dɔminik də vilpɛ̃ &mdash) on 14 November 1953 in Rabat, Morocco Suez SA was a leading French -based Multinational corporation, with operations primarily in Water, Electricity and Natural gas supply Not to be confused with Natural Gas Liquids (NGL Liquefied natural gas or LNG is Natural gas (primarily Methane, CH4 However, since the French state owns 80. 2% of Gaz de France, a new law would have to be passed in order to make the merger possible.
On 3 September 2007, Gaz de France and Suez announced agreed terms of merger. Events 36 BC - In the Battle of Naulochus, Marcus Vipsanius Agrippa, Admiral of Octavian, defeats Sextus Pompeius Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. The merger would be on the basis of an exchange of 21 Gaz de France shares for 22 Suez shares via the absorption of Suez by Gaz de France. The French state would hold more than 35% of shares of the merged company, GDF Suez. [3]
Whilst Nicolas Sarkozy was for several months opposed to the Villepin government’s plans for a merger of the two companies, he subsequently accepted the government proposal. This plan for a merger between Gaz de France and Suez came under fire from the whole of the political left, which feared the loss of one of the last ways of preventing the price rises experienced over the previous three years, and by the social Gaullists.
Law No. 2006-1537 of December 7, 2006 on the energy sector [6] authorised the privatisation of Gaz de France. On September 2, 2007, the boards of directors of Gaz de France and Suez approved the new framework for the planned merger between Suez and Gaz de France (Gaz de France-Suez merger plan) which is set to become a reality in the course of 2008.
Heads of the Company
- Robert Hirsch: 1970-1975
- Pierre Alby: 1979-1986
- Jacques Fournier: 1986-1988
- Françis Gutmann: 1988-1993
- Loïk Le Floch-Prigent: 1993-1996
- Pierre Gadonneix: 1996-2004
- Jean-François Cirelli: since 2004
References
- ^ SPE buys Belgian nuclear capacity from Electrabel | Industries | Industrials, Materials & Utilities | Reuters
- ^ http://www.lemonde.fr/web/article/0,1-0@2-3234,36-745348,0.html (subscription)
- ^ "Suez, Gaz De France Agree To New Merger Deal", RTT News, 2007-09-04. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 476 - Romulus Augustus, last emperor of the Western Roman Empire, is deposed when Odoacer proclaims himself Retrieved on 2007-09-04. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 476 - Romulus Augustus, last emperor of the Western Roman Empire, is deposed when Odoacer proclaims himself