Marie Maitre
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/ 4 September 2007

GDF, Suez agree new energy merger

Gaz de France and Suez on Monday agreed to create the world’s third-largest listed power and gas company after President Nicolas Sarkozy stepped in to prevent the 18-month old deal from collapsing. The politically charged ”merger of equals”, delayed by disputes over valuation and control, will be on the basis of 21 Gaz de France shares for 22 Suez shares.

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/ 1 June 2007

Africa key to Total’s oil output targets

African oil will be central to French energy major Total’s efforts to hit its output targets this decade, its head of exploration and production told Reuters. Total is set to increase investment in the region, mainly in Nigeria and Angola, and to a lesser extent in Congo, Yves-Louis Darricarrere said.