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COMPANY NEWS: GDF, Suez merge into major gas distributor, utility
09/24/2007
Gaz de France and Suez, following approval of their boards and shareholders, reported Sept. 3 a merger of equals set to become the largest gas transmission and distribution network operator in Europe, the number two storage and LNG terminal operator in Europe, and one of the three top utilities worldwide.In other recent company news: Videocon Industries and Bharat Petro Resources Ltd.-a subsidiary of India’s Bharat Petroleum Corp. Ltd. (BPCL)-have entered into an agreement to purchase shares of Brazilian exploration EnCana Brasil Petroleo Ltda. (EBPL) from Canada’s EnCana Corp. and 749793 Alberta Ltd. Abu Dhabi National Energy Co. (ADNEC) has agreed to buy Pioneer Natural Reso...
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