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The €70 billion French energy merger is widely seen as a bid to block Italian takeover ambitions (Photo: European Community, 2006)

Brussels to investigate French energy merger plans

The European Commission is to investigate the planned merger between French energy company Gaz de France and Belgian-French energy company Suez, indicating it could be a threat to free competition in the two countries.

The commission said on Monday (19 June) that it would open an in-depth probe into the plans saying it could have negative effects on competition of the free market in France and Belgium.

"The commission's initial market investigation has found that the proposed tran...

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The €70 billion French energy merger is widely seen as a bid to block Italian takeover ambitions (Photo: European Community, 2006)

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