Suez 17 years on

Suez says it is happy with its 51% stake in Electrabel. The French group thinks there are synergies in owning the Belgian electricity group. In fact, it’s Suez’s key asset, as Electrabel is the key to participating in European power markets that are both deregulating and growing. If this is the case, why is Suez dithering and not buying out the group? Suez has had excuse after excuse. At various points over the past few years its defenders have claimed the following. French ownership of Electra...