Gaz de France
| Gaz de France SA
|
|
|---|---|
 |
|
| legal form | Société Anonyme |
| founding | 1946 |
| resolution | July 2008 |
| Reason for dissolution | Merger with Suez to form GDF Suez |
| Seat | Paris , France |
| Number of employees | 50,244 (2006) |
| Branch | energy |
The Gaz de France SA ( GDF ) was a publicly traded French gas group , which in July 2008 with Suez to GDF Suez was merged. The group has been called Engie since 2015 .
Company history beginning
On the initiative of Marcel Paul , who campaigned for the nationalization of electricity and gas, Gaz de France was founded in 1946 together with Électricité de France (EDF) as a state company.
In 2005 the company was partially privatized ; Gaz de France went public in July 2005 in one of the ten largest IPOs in the world in 2005, but the French state remained the most important shareholder with around 80 percent.
Company history end
In 2006, Gaz de France announced plans to merge with its competitor Suez , which were implemented at the respective general meetings on July 16, 2008 to create the new GDF Suez . As a result of this merger, the French state became the main shareholder of the entire group with a 35.7 percent stake. The new group carried out further mergers, so that in 2015 the neutral name was changed to Engie .