Invesco pushes energy deal
International Power’s biggest investor has told GDF Suez, the French energy group that is holding reverse takeover talks with the British firm, a cash sweetener may not be needed to win its support. Neil Woodford, head of investment at Invesco Perpetual, which has an 11 per cent stake in the electricity generator, said he would be content not to be paid a special dividend to get the deal done, so long as a premium is reflected by another means. The deal would involve GDF taking a majority stake in International Power after transferring some of GDF’s non-European assets into the British firm.