French Utility Spurns Belgian Sell Off Demands

Law360, New York (March 27, 2006, 12:00 AM EST) -- Suez SA, the French utility set to merge with Gaz de France SA, has rebuffed demands calling for the energy company to sell off its assets in Belgium—a condition some critics of the tie-up say is necessary for the blockbuster deal to go through.

Belgian authorities have expressed concern that the impending merger between the two French companies would control too much of Belgium’s energy market, resulting in increased prices and job losses. Some critics have assailed the merger plan as characteristically French monopolistic behavior....
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