Belgium's power grid operator Elia System Operator SA (ELI.BT) said Wednesday that French energy giant GDF Suez SA (GSZ.BT) is selling a 12.5% stake in the company to Belgian energy holding Publi-T for EUR159.9 million.

Elia also said GDF Suez will sell its remaining 11.85% stake in Elia.

"Details of the agreement will be finalized in the near future so that the boards of the parties can ratify it in the coming weeks and the offering can be organized before June 30," the company said in a statement.

-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88; alessandro.torello@dowjones.com
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