Gaz de France, Suez O.K. new merger plan
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Utility giant Suez SA and state-owned Gaz de France agreed to new terms for a long-stalled merger that would create a global energy giant minority-owned by the French state, an official said.
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The merger between state-controlled natural gas monopoly Gazprom and state-owned Rosneft Oil Company will proceed in January 2005 as planned.
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The boards of key Norwegian oil companies Statoil ASA and Norsk Hydro ASA on Monday recommended the merger of their offshore oil and natural gas units.Comment
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Norwegian energy giants Statoil and Norsk Hydro unveil plans to merge their offshore oil and natural gas operations.
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French companies Snecma and Sagem announced a planned 7 billion euro ($8.9 billion) merger on Friday, in a deal that analysts said was driven by political rather than shareholder interests.
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The French energy group Suez would be required to sell off some of its nuclear power operations in Belgium if it merged with gas utility Gaz de France.
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French energy group Suez and state-owned Gaz de France (GDF) are &quot;headed for an agreement&quot; on a merger to create a new European power giant, a source close to the negotiations said Sunday.
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Business & money: French president will confirm today the â¬90bn (Â£61bn) merger between energy groups Suez and Gaz de France.
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Gaz de France and Suez on Monday cleared  the way to create the world&#39;s third-largest electricity and gas  company after their boards approved the revised terms of a  politically charged merger.
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French energy group Suez and state-owned Gaz de France (GDF) were believed Sunday to be on the brink of announcing a long-delayed merger to create a new European power giant.
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France appeared to have removed a threat to one of Europe's largest energy deals on Sunday after the boards of Suez and Gaz de France voted on a politically charged merger delayed by disputes over strategy and control.
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French gas utility Gaz de France has been ordered by a Paris appeals court to hold a board meeting Friday on objections posed by the EU Commission to its proposed merger with Suez, after labor unions challenged the group's claim that a meeting was not immediately necessary.
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French companies Snecma and Sagem   announced a planned 7 billion euro ($8.9 billion) merger on  Friday, in a deal that analysts said was driven by political  rather than shareholder interests.
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Two of France's leading industrial groups, telecommunications equipment maker Sagem and aircraft engine manufacturer Snecma, announced merger plans.
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ROME/MOSCOW  - Gazprom  and Italian oil firm Eni  unveiled a plan on Saturday for a big new pipeline to take Russian gas under the Black Sea to Europe, undermining an earlier plan to extend a Turkish route.
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French energy group Suez and state-owned Gaz de France will announce Monday a decision on whether to merge into what would be one of Europe&#39;s biggest power companies, the French presidency said Saturday.
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PARIS, Oct 29  - Two major French industrial groups, telecommunications equipment maker Sagem and aerospace engine manufacturer Snecma, announced merger plans Friday that would lead to privatisation of the latter.