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French lawmakers approve contentious article to privatize GDF for Suez merger

French lawmakers approve contentious article to privatize GDF for Suez merger

French lawmakers on Wednesday approved a contentious article allowing the privatization of state-owned Gaz de France, which is necessary for its planned merger with Suez SA.
Deputies in the lower house of parliament voted 91-39 to allow the state to reduce its minimum stake in GDF from 70 percent to one-third. Many lawmakers were absent for the vote, which followed more than 100 hours of debate and months of discussion about the merger.
The article was one of 17 in a broader law on GDF's future. The National Assembly is still debating the other measures, and is expected to vote on the entire law Oct. 3.


Updated : 2021-10-19 11:59 GMT+08:00