Cegedel

Cegedel S.A.
Public
Industry Electricity distribution
Successor Creos Luxembourg SA
Founded 27 March 1928[1]
Defunct 2009
Headquarters 2, rue Thomas Edison, Strassen, Luxembourg
Area served
 Luxembourg
Key people
 Roland Michel, Chairman
Romain Becker, CEO
Revenue €331.2m[2]
€73.9m[2]
€75.3m[2]
Number of employees
 500[3]
Website http://www.cegedel.lu

Cegedel S.A. (until 17 May 1997 the Compagnie Grand-Ducale d'Électricité du Luxembourg (English: Grand Ducal Electricity Company of Luxembourg)), was a Luxembourg company that distributed electricity. It operated under a concession written into the law under which it was formed, and distributed 70% of the electricity used in the country, amounting to 6,616 GWh.[1]

The Government of Luxembourg owned one-third of the company, which made it the largest single shareholder,[1] followed by the 30.4% stake held by Luxempart-Energie,[4] with smaller stakes held by SNCI (12%) and Electrabel (8%).[1] Shares of the company were listed on the Luxembourg Stock Exchange, of which it was one of the ten (and one of the seven Luxembourg-based) members of the main index, the LuxX Index

As a result of the European Union policy of liberalization of the energy market, Enovos Gruppe [5] acquired Cegedel SA along with Soteg SA, the gas distributor, in 2009, and created a Luxembourg subsidiary, Creos Luxembourg SA to distribute both gas and electricity. [6]

Footnotes

  1. ↑ 1.0 1.1 1.2 1.3 "Présentation" (in French). Cegedel. Archived from the original on 2007-08-07. Retrieved 2007-08-24.
  2. ↑ 2.0 2.1 2.2 "Annual Report 2006" (PDF). Cegedel. 2007-05-08. Archived from the original on 2007-09-28. Retrieved 2007-08-24.
  3. ↑ "Les principaux employeurs luxembourgeois" (PDF) (in French). Statec. 2007-05-08. Archived from the original on 2007-06-10. Retrieved 2007-08-24.
  4. ↑ "Principales participations" (in French). Luxempart. 2006-12-31. Archived from the original on 2007-07-05. Retrieved 2007-08-24.
  5. ↑ "Creos Annual Report 2009". Retrieved 2014-07-06.
  6. ↑ "Corporate Structure". Retrieved 2014-07-06.

External links