Suez, Gaz de France Make Offer To Appease E.C.

Law360, New York (September 21, 2006, 12:00 AM EDT) -- In an effort to obtain antitrust approval of their merger from the European Commission, Suez and Gaz de France have offered to create a new company containing parts of both, which could then be sold to a third party.

The E.C. is concerned that the merger of the two companies could diminish competition in the natural gas and electricity markets in Belgium, and the natural gas and heating network markets in France.

The new company that Suez and Gaz de France are proposing would include the...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.