Sarkozy seals Suez spin-off
- From: Vol 8, Issue 9 (September 2007)
- Category: General
- Region: Europe
- Related Companies: Aguas de Barcelona, Degrémont (Suez), Gaz de France, Knight Vinke Asset Management, Lyonnaise des Eaux, Ondeo, Safege, Saur, Suez and United Water
The French State’s grip on the new GdF Suez will also extend to the spun off water and waste businesses.
Suez’s fate was finally sealed in early September with the blessing of French president Nicolas Sarkozy. The reaction to the final merger package with Gaz de France seemed to be one of guarded disappointment, however, given that the originally proposed one-for-one share offer was substituted by an exchange offer of 21 GdF shares for every 22 Suez shares held ...
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