French MPs wrestle with GDF privatization, affecting fate of Suez merger
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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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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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Thousands of gas and electricity workers took part in demonstrations across France against a government bill currently being debated in parliament to privatise the state-owned Gaz de France (GDF).
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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 energy group Suez and state-owned Gaz de France announced their long-awaited merger on Monday, creating the world&#39;s fourth biggest energy company by market capitalisation.
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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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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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France&#39;s newspaper industry sank deeper into crisis this week after two of its top dailies stepped up rescue talks with investors, leaving observers skeptical about the likelihood of an imminent recovery.
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Speculation is rife in the French press about the future shape of the management at aerospace giant EADS, ahead of a possible decision at a July 16 Franco-German summit to simplify its structure.
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BRITAIN will infuriate its partners this year as it fights to keep its rebate on the EU budget, but the biggest trouble may come from France.
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The head of private French energy group Suez has written to President Nicolas Sarkozy in an attempt to unblock its stalled merger with state-controlled Gaz de France, the Financial Times reported Tuesday.
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France's top bank BNP Paribas is "thinking" about a possible takeover of its rival Societe Generale, rocked by multi-billion-euro rogue trade losses, a spokeswoman said on Thursday.
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The board of Societe Generale met on Wednesday to decide the fate of its chairman after rogue trading losses as fellow French bank BNP Paribas ducked questions on whether it would bid for its wounded rival.
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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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French energy group Suez and state-owned Gaz de France announced their merger Monday, creating the world&#39;s fourth biggest energy company by market capitalisation.
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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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The plan to create a giant French energy group with Suez and GDF was stuck in embarrassment and uncertainty after two days of setbacks made a merger this year unlikely.