Pinault/Suez Water value

Beware of bored billionaires. They may be on the lookout for mischievous endeavours. The designs of Francois Pi-nault on Suez’s water assets run counter to the code of good manners of the French establishment. As such, they bring a breath of fresh air in a country where few business-men dare counter the gov-ernment’s will. So the idea of Pinault, a close friend of pre-sident Chirac, might have teamed up with much-demonised Enel in a possible hostile bid for Suez strikes as a welcome sign that th...