Shares of Belgian gas supplier Distrigas SA (DIST.BT) rose 6.8% Friday when they resumed trade after a four-day suspension while Franco-Belgian utility Suez SA (SZE.FR) sold its 57.3% stake to Italy's energy giant Eni SpA (E).
Distrigas shares traded at EUR6,715. Eni had offered Suez EUR6,810 a share, net of the 2007 dividend, in a deal signed Thursday by the two energy giants.
The acquisition from Suez values the 57.3% stake in Distrigas at EUR2.7 billion, giving the Brussels-based company a total value of around EUR4.8 billion. Distrigas' market capitalization was about EUR4.4 billion before shares were suspended from trading Monday.