Cegedel S.A. (until 17 May 1997 the Compagnie Grand-Ducale d'Électricité du Luxembourg ()), was a
Luxembourg
Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...
company that
distributed Distribution may refer to:
Mathematics
*Distribution (mathematics), generalized functions used to formulate solutions of partial differential equations
*Probability distribution, the probability of a particular value or value range of a varia ...
electricity
Electricity is the set of physical phenomena associated with the presence and motion of matter possessing an electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwel ...
. 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.
The Government of Luxembourg owned one-third of the company, which made it the largest single
shareholder
A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the ...
,
followed by the 30.4% stake held by
Luxempart-Energie, with smaller stakes held by
SNCI (12%) and
Electrabel
Electrabel SA is a Belgian energy corporation. It is a subsidiary of French multinational utility company Engie S.A. (formerly GDF Suez).
History
Electrabel was established in 1905. Its actual name originates from 1990, after the regrouping of th ...
(8%).
Shares of the company were listed on the
Luxembourg Stock Exchange
The Luxembourg Stock Exchange, LuxSE () is based in Luxembourg City at 35A boulevard Joseph II.
The chairman of the board is Alain Kinsch and the chief executive officer is Julie Becker.
History
A law establishing a stock exchange in Luxemb ...
, of which it was one of the ten (and one of the seven Luxembourg-based) members of the main
index
Index (: indexes or indices) may refer to:
Arts, entertainment, and media Fictional entities
* Index (''A Certain Magical Index''), a character in the light novel series ''A Certain Magical Index''
* The Index, an item on the Halo Array in the ...
, the
LuxX Index
The LuxX Price is the main stock market index of the Luxembourg Stock Exchange, the stock exchange based in Luxembourg City, in southern Luxembourg. The LuxX is a weighted index of the nine most valuable listed stocks by free floated market capita ...
As a result of the European Union policy of liberalization of the energy market, Enovos Gruppe 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.
Footnotes
External links
Creos Luxembourg SA, distributor, official websiteEnovos Luxembourg SA, generator and supplier, official web siteEnovos International SA, the parent corporation
Electric power companies of Luxembourg
Energy companies established in 1928
Strassen, Luxembourg
1928 establishments in Luxembourg
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