Electrabel SA is a Belgian energy corporation. It is a subsidiary of French multinational utility company Engie S.A. (formerly GDF Suez).
History
Electrabel was established in 1905. Its actual name originates from 1990, after the regrouping of the companies Intercom, EBES and Unerg.
For a long time a majority stake in Electrabel was held by the French company Suez. In 2005, Suez increased its stake to 96.7% and a squeeze-out of the remaining shareholders was completed on 10 July 2007, when the company was delisted from the stock exchange. Following Suez's 2008 merger with Gaz de France, Electrabel became a subsidiary of GDF Suez, which changed its name into Engie in 2015.
Operations
Electrabel is active in the Benelux market. It generates electricity and heat, and supplies electricity and natural gas to six million customers.[2]