GDF Suez eyes buys of up to $20 bln after failed $17 bln Talisman bid-sources

Mon Jan 20, 2014 12:53pm EST
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LONDON Jan 20 (Reuters) - French utility GDF Suez had takeover approaches for Canada-based Talisman Energy rebuffed late last year as it seeks acquisitions worth as much as $10 to $20 billion outside Europe, banking and industrial sources said.

GDF's financial advisers have reviewed a number of sizeable acquisitions, including U.S.-based utility AES, according to two people with direct knowledge of the situation, as Chief Executive Gerard Mestrallet eyes a transformational deal before his retirement in 2016.

GDF, Talisman and AES declined to comment.