Sunday, September 2, 2007

Suez and Gaz de France merger deal likely

Energy group Suez and state-owned Gaz de France will announce tomorrow a decision on whether to merge into what would be one of Europe’s biggest power companies, the French presidency has said.

Suez's board will meet today to ratify the long-delayed merger, Le Parisien daily said. The board of Suez “could meet on Sunday evening if a deal is concluded”, a source was quoted as saying.

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