Henri Proglio and Gerard Mestrallet, the Frenchmen who run the world’s biggest utilities, fought for a decade to win water contracts around the world. Now, the rivalry goes nuclear.
GDF Suez SA, the biggest buyer of gas in Europe, is considering a bid for Repsol SA’s liquefied natural gas assets, according to Chief Executive Officer Gerard Mestrallet.
Suez Environnement is “sheltered” from a hostile takeover offer even though a shareholder pact will expire in less than two months, Chairman Gerard Mestrallet told investors today.
European Union leaders have taken the necessary steps to deal with Ireland’s debt crisis, Gerard Mestrallet, chief executive officer of French utility GDF Suez SA , said in an interview with Agefi.
GDF Suez SA, operator of Europe’s biggest natural gas network, denied a report that it plans to lower its stake in water utility Suez Environnement.
"In the long-run, the choice to reduce the share of Russian gas in Europe supply would be a major political decision. Public opinion should be completely informed of the much higher cost it would imply for European customers."
- Gerard Mestrallet on Apr 11, 2014