Cegedel

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Cegedel S.A.
Type Public (LuxSE: CEGE)
Founded 27 March 1928[1]
Headquarters Flag of Luxembourg 2, rue Thomas Edison, Strassen, Luxembourg
Area served Luxembourg
Key people Roland Michel, Chairman
Romain Becker, CEO
Industry Electricity distribution
Revenue €331.2m[2]
Operating income €73.9m[2]
Net income €75.3m[2]
Employees 500[3]
Website http://www.cegedel.lu

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

The Luxembourgian government owns one-third of the company, making 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 in the company are listed on the Luxembourg Stock Exchange, of which it is one of the ten (and one of the seven Luxembourg-based) members of the main index, the LuxX Index.

[edit] Footnotes

  1. ^ a b c d (French) Présentation. Cegedel. Retrieved on 2007-08-24.
  2. ^ a b c Annual Report 2006 (PDF). Cegedel (8 May 2007). Retrieved on 2007-08-24.
  3. ^ (French) Les principaux employeurs luxembourgeois (PDF). Statec (8 May 2007). Retrieved on 2007-08-24.
  4. ^ (French) Principales participations. Luxempart (31 December 2006). Retrieved on 2007-08-24.

[edit] External links

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