GDF Suez SA (GSZ.FR) and Industrial and Commercial
Bank of China Limited (ICBAF) Thursday said they have signed a memorandum of
understanding for a financing cooperation on a non-exclusive basis.
MAIN FACTS:
- This memorandum of understanding aims at supporting
GDF Suez in the financing of its projects throughout the world, in particular
in Asia Pacific and in
China
.
It will be deployed across the group's businesses.
- This agreement follows the memorandum of
understanding on global strategic partnership signed yesterday between GDF Suez
and China Investment Corp. (CIC.YY) within which GDF Suez Exploration and
Production will welcome CIC as a new minority investor for its development.
-
Several possible forms of financing cooperation are contemplated in the MoU,
including: new credit lines made available to GDF Suez at the corporate level
that would allow to support the group's growth opportunities and other forms of
credit support such as multi-year guarantees, performance bonds and letters of
credit, amongst others.