E.U. Renews Opposition To Blocking Takeovers

Law360 (September 6, 2006, 12:00 AM EDT) -- As the French parliament prepares to debate an energy bill that will decide whether the proposed Gaz de France-Suez merger goes through, the European Commission has once again come out against the blocking of takeovers by a government.

Private company Suez first revealed in February that it had the backing of the French government for a merger with state-controlled Gaz de France. Since the announcement arrived just days after Italy’s Enel SPA expressed interest in acquiring Suez, the proposed merger is widely viewed as an attempt...
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