Unions stall Suez GDF merger
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The merger between French utility firm Suez and state-run Gaz de France is postponed after a legal ruling.
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Talking tough in her first public appearance since becoming Europe's competition commissioner, Neelie Kroes blocked a merger in Portugal's energy industry.
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French energy group GDF disagrees with all of the complaints raised by the EU anti-trust regulator about its proposed merger with fellow French group Suez, GDF trade union representives told AFP.
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Gold Fields loses a key shareholder vote on a merger that may have helped it stave off a hostile takeover from Harmony.
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SWISS food giant Nestle refused to rule out a sale of its flagging Perrier unit yesterday in an apparent attempt to pressure unions to give their blessing to a restructuring programme.
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French energy group Suez and Belgian Prime Minister Guy Verhofstadt have reached an agreement in principle on concessions that would be made to the Belgian state by Suez as part of its planned merger with French gas group GDF, a government spokesman told AFP.
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The future of Perrier in France was in doubt again Tuesday after its parent company Nestle SA rejected a compromise with union leaders over job cuts, saying it did not go far enough.
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The boards of state-owned Gaz de France and utility giant Suez SA were meeting Sunday night to discuss a new merger deal, as expectations grew that an agreement on the long-stalled tie-up was imminent.
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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.
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The French energy group Suez would be required to sell off some of its nuclear power operations in Belgium if it merged with gas utility Gaz de France.
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Gaz de France and Suez on Monday cleared  the way to create the world&#39;s third-largest electricity and gas  company after their boards approved the revised terms of a  politically charged merger.
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French energy group Suez and state-owned Gaz de France (GDF) were believed Sunday to be on the brink of announcing a long-delayed merger to create a new European power giant.
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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 (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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PARIS - Support for striking transport workers faltered yesterday, with some unions returning to work on the second day of a protest against government plans to scrap some retirement benefits and commuters grumbling about delays and crowded platforms.
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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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The merger of French utilities firm Suez with state-run Gaz de France is approved, but is postponed after a court ruling.