Cegedel

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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 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 to distribute both gas and electricity.[6]

Footnotes[edit]

  1. ^ a b c d "Présentation" (in French). Cegedel. Archived from the original on 7 August 2007. Retrieved 2007-08-24. 
  2. ^ a b c "Annual Report 2006" (PDF). Cegedel. 8 May 2007. Archived from the original (PDF) on 28 September 2007. Retrieved 2007-08-24. 
  3. ^ "Les principaux employeurs luxembourgeois" (PDF) (in French). Statec. 2007-05-08. Archived from the original (PDF) on 2007-06-10. Retrieved 2007-08-24. 
  4. ^ "Principales participations" (in French). Luxempart. 31 December 2006. Archived from the original on 5 July 2007. Retrieved 2007-08-24. 
  5. ^ "Creos Annual Report 2009". Retrieved 2014-07-06. 
  6. ^ "Corporate Structure". Archived from the original on 14 July 2014. Retrieved 6 July 2014. 

External links[edit]