GDF, Total, H&F plan Feb IPO for LNG membrane unit: report
Offering could value GTT at up to US$2.4b, say sources
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[PARIS] French utility GDF Suez, oil firm Total and private equity fund Hellman & Friedman (H&F) plan a February initial public offering (IPO) for their jointly-owned unit GTT, the world's No 1 maker of cryogenic hull linings for LNG tankers, French financial daily Les Echos said on Monday.
Sources told Reuters in June that GTT's shareholders were planning an IPO that could value the business at up to US$2.4 billion.
GDF Suez, which is a major LNG shipper and leading shareholder of Gaztransport & Technigaz (GTT) with a 40 per cent stake, declined to comment.
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