PRIVATE FINANCE
- From: Vol 11, Issue 1 (January 2010)
- Category: Need to know
- Region: Unspecified
- Country: United Arab Emirates
- Related Companies: ACWA Power, AES, Cascal, CMS Energy, Doosan, Dubai Electricity and Water Authority , Fisia Italimpianti, GdF Suez, International Power and Veolia
* There has been speculation that two of the giants of the Middle East power and water market, GdF Suez and International Power, will merge.
GdF Suez has a pile of cash (€11.9 billion) and the support of its second largest shareholder, Groupe Bruxelles Lambert. The French government, which owns 35.6% of the company, is said to be considering its support for the bid. The move would take a significant competitor out of the Gulf power and water market, which has also seen ...
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