EDF Luminus Says Drops IPO Project

Power company EDF Luminus, whose main shareholder is the Belgian arm of France's EDF, has decided to drop a project to launch an IPO, it said in a statement on Monday.

 

EDF Luminus is Belgium's second-largest energy supplier after Engie-owned Electrabel with a 20 percent market share in power and 18 percent in gas.

 

"The shareholders of EDF Luminus signed amendments to the EDF Luminus shareholders agreement which will extend the agreement until 2025 and provide for the ... re-organisation of the shareholder structure," the statement said.

 

"In consequence, the Board of EDF Luminus, which met on 26th October 2015, has decided to terminate the project to launch an IPO of EDF Luminus which had been initiated in May of this year."