Currently a 51% shareholder in SPE-Luminus, the second largest energy company in Belgium, EDF has concluded agreements with the three Belgian shareholders having exercised their sale option, in full or in part. These agreements bear on the purchase amount for their stock in SPE, which has been fixed at 215 million Euros.

Upon completion of the transaction, expected in the next few days, the EDF Group will be a 63.5% shareholder in SPE, one shareholder - the bank Dexia - having decided to divest its holding in full.

With this bolstering of SPE's capital and the new shareholders agreement signed last April with the Belgian shareholders who opted to retain their stake in the company, which now stands at 36.5%, and who are representative of the country's regional patterns, EDF will be in a strong position to contribute to the development of competition in the Belgian market.

The company will benefit from EDF's know-how in thermal and nuclear generation and renewable energies, as well as from its European dimension, in trading and natural gas supplies. Thanks to its expertise in the field of energy efficiency, EDF will also contribute to the development of offers promoting the more efficient use of energy.

The integration of SPE into the EDF group considerably strengthens the latter's presence in Benelux, an area of major interest in the heart of Europe which constitutes a highly significant hub for energy exchange.

Tags: EDF Group