By Steve Scherer
Oct. 5 (Bloomberg) -- GDF Suez SA, a French utility, is seeking to boost its stake in Rome power and water provider Acea SpA, Il Sole-24 Ore reported, without saying where it got the information.
GDF Chief Executive Officer Gerard Mestrallet met in Rome last week with Mayor Gianni Alemanno to see if the city is prepared to sell part of its 51 percent holding in Acea, Sole said. GDF already owns 8.6 percent of Acea.
French natural gas monopoly GDF and generator Suez completed a merger earlier this year. Acea and the French company are also in the process of rearranging power generation and sales partnerships that they already own together.
To contact the reporters on this story: Steve Scherer in Rome at scherer@bloomberg.net
Sunday, October 5, 2008
GDF Suez Wants to Boost Stake in Italy's Acea, Il Sole Reports
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