Vinson & Elkins and Linklaters are advising on a $4.2 billion sale of a stake in French gas and electricity utility GDF Suez to Chinese sovereign wealth fund China Investment Corp. (CIC).
As part of the proposed deal, CIC will pay $3.2 billion for 30 percent of GDF Suez’s exploration and production division. It will also pay $1 billion to acquire GDF Suez’s 10 percent share in an Atlantic liquefied natural gas plant located in Trinidad and Tobago.
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