Albert Frere about to raise Suez stake to 10 pct - report |
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Wed, 10 Jan 2007 08:43
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PARIS - Belgian investor Albert Frere is about to raise his shareholding in French utilities giant Suez to 10 pct, which would give him 15 pct of voting rights, La Tribune financial daily reported, without naming its sources.Frere's holding company Groupe Bruxelles Lambert said last week it has acquired 'around 1.1 pct' of shares in Suez for around 590 mln eur, bringing its holding to 9.1 pct.French financial markets regulator AMF said yesterday that Artemis, the holding company of businessman Francois Pinault, has until 8.00 am Paris time on Feb 2 to launch an offer for Suez either alone or in partnership with others, or to state its intention to do so.The French government's preferred option is still for Suez to merge with Gaz de France, although the Constitutional Council has ruled that this could not take place until July at the earliest.equitynext@afxnews.comanCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Gaz de France and Suez merger: A classic example of pre-emptive action 