France&#39;s Areva to Be Partially Privatized
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France is planning to sell off up to 40 percent of state-owned nuclear engineering company Areva SA, Finance Minister Nicolas Sarkozy said Wednesday.
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Russian natural gas monopoly OAO Gazprom said it has chosen France's Total SA as a partner to develop the giant Shtokman gas field in the Barents Sea.
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Two major French industrial groups, telecommunications equipment maker Sagem and aerospace engine manufacturer Snecma, announced merger plans that would lead to privatisation of the latter.
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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 nuclear giant Areva said on Thursday it was ready to build up to 12 next-generation power plants in South Africa, where massive electricity shortages shut down the key mining industry this month.
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The Russian government plans to sell a majority stake in the main production unit of the embattled Yukos oil company at an auction scheduled for December 19, the Interfax news agency reported Friday.
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Russian president Vladimir Putin has backed plans to end restrictions on the foreign ownership of shares in Russian energy giant Gazprom.
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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 Russian government plans to sell a majority stake in the main production unit of oil giant OAO Yukos at an auction on December 19.
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The French government expects to reach a decision on the merger of state-controlled Gaz de France with private energy group Suez by the end of September, the government spokesman said Wednesday.
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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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The decision clears the way for the media company to complete its plans to go private by year's end.
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Egypt is reportedly planning the privatisation of the Bank of Alexandria, one of the country's big four public-sector banks.
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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 is selling almost half its stake in Air France KLM, in a deal set to raise at least 700 million euros ($933 million), sources close to the operation said.
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BRATISLAVA- The Slovak government and Italian energy company Enel came to agreement over the terms of privatisation of Slovakia's dominant power producer Slovenske elektrarne (SE) Thursday night, Slovak Economy ...
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The French government sells 17.7% of its stake in Air France-KLM amid reports it may cut its holding in the airline to as little as 18%.