Sarkozy Secures $120bn Energy Merger

September 3, 2007By Andy RowellBlog Post

French president Nicolas Sarkozy is set to confirm a $120 billion merger between energy groups Suez and Gaz de France, creating the world’s third-largest power company and a new French global champion. Although the deal was first muted in early 2006, it was resisted by Suez’s CEO, Gérard Mestrallet. He agreed after considerable arm-twisting by … Read More