UPDATE 1-GDF Suez approves China alliance -board member
* China's CIC to pay 2.3 bln eur for 30 pct unit stake
* GDF Suez finds financial backer for costly projects
* Beijing strengthens hand in Western energy assets
* French CGT union angry over deal
PARIS, Aug 9 (Reuters) - (Updates with board backing for alliance)
By Marie Maitre
PARIS, Aug 9 (Reuters) - French utility GDF Suez's board gave the green light for an alliance with China's sovereign wealth fund that will help it expand in the booming Asia-Pacific region, a board member told Reuters on Tuesday.
The deal will see China Investment Corp (CIC) pay 2.3 billion euros ($3.2 billion) for a 30 percent stake in GDF's exploration and production business, the board member said. Continued...