The boards of directors of French energy companies Suez and Gaz de France (GDF) have approved a merger plan giving birth to a national energy giant of which the French state would own more than 34 %.
The Secretary General of the Elysee Palace Claude Gueant has welcomed the move saying it would create the second or third biggest energy company in Europe with a market capitalisation of about €80 billion.
Technically, GDF-Suez is a privatisation of the public owned GDF, but the Frenc...
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