We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Suez Looks To Sarkozy To Push Through GDF Merger

Law360 (August 28, 2007, 12:00 AM EDT) -- Gas provider Suez SA has gone directly to the top in hopes of wrapping up its extended merger with government controlled utility Gaz de France, appealing to French President Nicolas Sarkozy.

In a letter to Sarkozy, Suez CEO Gerard Mestrallet offered a solution to the myriad of legal obstacles that have prevented the companies from finalizing the takeover deal, the Financial Times reported on Tuesday.

Mestrallet proposed that the French government gradually transfer to GdF the shares that it holds in Suez, in an effort to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.