Belgium To Retain “Golden Share” In Suez-GDF Merger

Law360, New York (October 6, 2006, 12:00 AM EDT) -- Suez SA on Friday reached an agreement with the Belgian government over concessions it will make in exchange for government support of its planned merger with Gaz de France, allowing the government to retain a “golden share” in the combined company.

In a bid to create three competitors on the Belgian energy market, Suez will sell 30% of its Belgian energy capacity, including part of its nuclear generating capacity, to Belgian rival SPE and an unnamed second company, Dow Jones reported on Friday. The two companies...
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