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]
 | |
| Company type | Public |
|---|---|
| Industry | Electricity distribution |
| Founded | 27 March 1928[1] |
| Defunct | 2009 |
| Successor | Creos Luxembourg SA |
| Headquarters | 2, rue Thomas Edison, Strassen , |
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] |
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- ^ a b c d "Présentation" (in French). Cegedel. Archived from the original on 7 August 2007. Retrieved 24 August 2007.
- ^ a b c "Annual Report 2006" (PDF). Cegedel. 8 May 2007. Archived from the original (PDF) on 28 September 2007. Retrieved 24 August 2007.
- ^ "Les principaux employeurs luxembourgeois" (PDF) (in French). Statec. 8 May 2007. Archived from the original (PDF) on 10 June 2007. Retrieved 24 August 2007.
- ^ "Principales participations" (in French). Luxempart. 31 December 2006. Archived from the original on 5 July 2007. Retrieved 24 August 2007.
- ^ "Creos Annual Report 2009". Retrieved 6 July 2014.
- ^ "Corporate Structure". Archived from the original on 14 July 2014. Retrieved 6 July 2014.
External links
edit- Creos Luxembourg SA, distributor, official website
- Enovos Luxembourg SA, generator and supplier, official web site
- Enovos International SA, the parent corporation
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