20% SPE-LUMINUS SALE

[BIZ: Liège, January 21]
Almost 20% of the capital of SPE, the second major power-producer in Belgium, better known as Luminus, is up for sale. This involves a transaction of around EUR 500m. The parties putting the company for sale are Vlaamse Holdings VEH (2.1%), Publilum (10.7%) and Dexia Bank (6.1%). The last party has the mandate to carry out the operation, in principle to sell the total number of shares in the hands of those putting them up for sale. There is, however, the option of retaining a minimum so that these can be sold later at a price determined beforehand. Only Belgian shareholders of SPE have been approached so far. Publilec and Socofe are asking for a period of reflection until the end of January.

http://www.express.be/