France poised to unveil Suez-GDF merger
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The long-delayed merger of French energy groups Suez and state-owned Gaz de France could be announced next week, creating one of Europe&#39;s biggest power companies after 18 months of delays, a source told AFP on Friday.
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Creating a defence and aerospace &quot;industrial champion&quot; centered on France may be impossible for Nicolas Sarkozy to engineer during his last days as finance minister, as political considerations cloud the prospects for a merger of European Aeronautic Defence and Space Company and Thales, analysts said.
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The British and French finance ministers will present a joint initiative to their EU partners next month on tax reductions for "green" products, a European Commission spokeswoman said Friday.
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The merger of the energy operations of Norway's oil giant Statoil and Norsk Hydro is approved by shareholders.
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French conglomerate wants to build its presence in domestic telecom market, confirming talks.
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French energy group Suez and state-owned Gaz de France (GDF) are &quot;headed for an agreement&quot; on a merger to create a new European power giant, a source close to the negotiations said Sunday.
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A plan to create a French Suez-GDF energy giant was in deep trouble and seemed likely to exacerbate factional strains within the government only months before a presidential election.
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Gaz de France and Suez on Monday cleared the way to create the world's third-largest electricity and gas company after their boards approved the revised terms of a politically charged merger.
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French lawmakers have approved an energy bill that paves the way for the privatisation of the state-owned gas group GDF and its merger with the French company Suez.
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French unions won a legal bid to postpone a crucial board meeting of Gaz de France  on its planned 80 billion euro ($102.5 billion) merger with utility Suez , dealing a blow to the government-backed deal.
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President Nicolas Sarkozy said he favored a merger of Gaz de France and the energy operations of Suez, implying Suez would have to shed its waste and water units to complete the long-pending deal.
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Suez chairman Gerard Mestrallet gives a press conference in Paris, August 2005. French parliamentarians are this week to begin debate on the privatisation of Gaz de France , which the government hopes will be ...
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French lawmakers voted Tuesday to approve legislation to privatize Gaz de France, helping clear the way for the natural gas company's state-backed merger with Suez SA.
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The French state-owned company Gaz de France announced that it would merge with the utility Suez to create one of the worldâs largest energy groups.
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Russian and French gas companies Gazprom   and Gaz de France  will sign several major  deals on Tuesday, guaranteeing the Russian firm access to more  end users in Europe, industry sources said on Monday.
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The proposed merger of French energy group Suez and state-owned Gaz de France (GDF) hit last-ditch problems amid shareholder wrangling and a court victory for trade unions which threatened to hold up the deal.
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Euronext  shareholders are due to approve a $14 billion plan to merge with the New York Stock Exchange  and create the first transatlantic bourse.