Altergaz


Altergaz was the first French independent natural gas company in France, based in Paris and founded by Robert Delbos and Jean-Paul George in 2003. In 2012, Eni, the Italian Oil & Gas multinational acquired Altergaz.

History

Altergaz was initially founded in 2003 by two former senior executive of French energy sectors: Robert Delbos and Jean-Paul George. Robert Delbos was Chief of Treasury and CFO of EDF-GDF and then Chairman-CEO of Petrofigaz. Jean-Paul George was the former number 2 of GDF as sales manager in the 90s and the founder-CEO of Cofathec group.
In 2004, the investor Georges Cohen, founder of Transiciel company joined Altergaz as business angel and became associate.
In 2005, Altergaz was listed on Bourse de Paris stock exchange.
In 2012, the turnover of Altergaz was around €1,6 billion.

Partnership with Eni

From 2007, Altergaz created a strong industrial and financial partnership with the Italian oil and gas multinational Eni. From 2010, Eni is the first shareholder of Altergaz with more than 63% of the capital and in 2011 Eni got around 98% of shares.

Altergaz became Eni

The October 1st 2012, Eni acquired Altergaz in full and was renamed Eni Gas & Power France.