CORPORATE
- From: Vol 4, Issue 1 (January 2003)
- Category: Need to know
- Region: Unspecified
- Country: France, Germany and United States
- Related Companies: ITT Industries, PCI Membranes and Suez
France: Suez announced an action plan for 2003-04 to help improve performance.
The company is to reduce debt by a third through the sale of non-core assets, cut costs (by €500 million this year), reduce its exposure to emerging markets and trim investments from an average €8 billion a year to €4 billion from 2003 to 2005. The move followed a warning that Suez would be hit with a net loss of ...
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