GDF Suez, Partners Begin GTT IPO Process

GDF Suez, Total and private equity firm Hellman & Friedman have started the process of listing the shares of Gaztransport & Technigaz (GTT), the world’s largest maker of storage tanks for LNG tankers,  on the Paris stock market.

GTT said on its website that it has registered its “Document de Base” with the French stock market regulator.

GDF Suez has a 40 percent stake in GTT, while Total and Hellman & Friedman own 30 percent each.

GTT’s two main areas of expertise are cargo containment systems (CCS) for LNG carriers and land storage of LNG.

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LNG World News Staff, December 16, 2013; Image: GTT