GDF Suez acquires Vale's 20% stake in Brazil gas blocks GDF Suez ( OTC:GDFZY , OTC:GDSZF ) agrees to acquire Vale’s ( VALE ) 20% stake in a pair of gas blocks in the Parnaiba basin in northeast Brazil, marking GDF's first entry into exploration and production activities in Brazil. Blocks 2 and 3 each cover slightly more than 3K sq. km; one exploration well in each of the two blocks is scheduled by March 2014. Post your comment!
Nov. 14, 2013 - Seeking Alpha