GDF Suez pays $232 million for gas grid

January 22 2009 19:28:56

GDF Suez pays $232 million for gas grid

Bloomberg

The Paris-based utility signed an agreement Wednesday to operate İzmit Gaz Dağıtım after winning an auction in August, company spokesman Yasin Yanık said yesterday. GDF Suez will also pay 290 million liras ($176 million) in debt owed by İzmit Gaz to the state-run pipeline company Botaş and the Turkish Treasury by the end of the year, he said.

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