GDF Suez
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Background
In July 2008 the energy division of Suez merged with French state energy company Gaz de France, creating GDF Suez. In one fell swoop the merger created 'the world's fourth largest energy utility by market capitalization, behind Russia's Gazprom, France's EDF and Germany's E.ON. The combined revenues of Suez and Gaz de France were about $117 billion, with earnings of almost $8.85 billion'[1]. Suez Environment, the water and waste division is 35% part owned by GDF Suez, as such there is quite an overlap on the board of Suez Environment from that of GDF Suez.[2]
GDF Suez is a partner in the UK nuclear energy consortium Nugen.
