French GDF, Suez agree to power merger
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France appeared to have removed a threat to one of Europe's largest energy deals on Sunday after the boards of Suez and Gaz de France voted on a politically charged merger delayed by disputes over strategy and control.
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The merger of French energy groups GDF and Suez hit more trouble when the Constitutional Council, which rules on the legality of government legislation, said the deal should be delayed until July next year.
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French President Nicolas Sarkozy announced Tuesday that France and Morocco had decided to cooperate on civil nuclear energy.
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Major economic powers agreed in principle to write off billions of dollars of debt for Iraq, officials said Sunday, with France in particular agreeing to compromise as it seeks improved ties with the United States.
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French parliamentarians are this week to begin debate on the privatisation of Gaz de France (GDF), which the government hopes will be the next step towards its merger with water and electricity group Suez and the creation of a European energy giant.
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France and Kuwait signed two agreements on defence cooperation that President Jacques Chirac and Sheikh Sabah al-Ahmad al-Sabah said underlined a joint ambition to encourage stability in the Middle East.
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Hopes are mounting that French utility groups Suez and Gaz de France are on the brink of signing a merger deal.
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Utility giant Suez SA and state-owned Gaz de France agreed to new terms for a long-stalled merger that would create a global energy giant minority-owned by the French state, an official said.
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France is brokering an 80 billion euro ($108 billion) merger of Gaz de France, the state-owned natural gas company, with the energy business of the private utility Suez.
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European Union leaders reached a broad agreement on an ambitious plan to cut greenhouse gases and switch to renewable energy sources as part of the fight against global warming.Comment
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The French government could be about to unveil a mooted merger of state-owned Gaz de France and private utility group Suez, the newspaper Le Figaro said Wednesday in a report denied by the country&#39;s economy minister.
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Australia and France signed an agreement on military cooperation designed to enhance their ability to work together, the defence ministry in Paris said.
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The French parliament has approved a key clause in an energy bill permitting the highly controversial privatisation of gas group Gaz de France, destined to be absorbed by Suez.
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European regulators on Thursday approved the takeover of Spain's largest utility Endesa by Acciona and Italian utility Enel.
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Business & money: French president will confirm today the â¬90bn (Â£61bn) merger between energy groups Suez and Gaz de France.
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The proposed merger of French energy group Suez and state-owned Gaz de France faced a delay of at least several months after an appeals court ruling in favour of trade unions.
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Members of the French parliament back a law to allow the sell-off of Gaz de France to private-sector giant Suez.