Latest News for: Suez finance

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50-year-old Nile dam altered lives

Arkansas Online 17 Jan 2021
MANIAL SULTAN, Egypt -- Yassin Saeed remembers when the Nile's annual flooding drenched his village in the years before the construction of the Aswan High Dam ... Their withdrawal was a factor in Nasser's subsequent decision to nationalize the Suez Canal, taking it from British and French companies. He planned to use canal revenue to finance the dam.
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Fifty Years on, the Nile Dam That Changed the Face of Egypt

The National Herald 15 Jan 2021
Now, former flood lands are green fields year-round ... Then came the dam, which officially opened after more than a decade of construction on January 15, 1971 ... Their withdrawal was a factor in Nasser's subsequent decision to nationalize the Suez Canal, taking it from British and French companies. He planned to use canal revenues to finance the dam ... .
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Fifty years on, the Nile dam that changed Egypt

Finance & Commerce 14 Jan 2021
EmailPrintLinkedInFacebookTwitterReddit ... Now, former flood lands are green fields year-round ... Their withdrawal was a factor in Nasser’s subsequent decision to nationalize the Suez Canal, taking it from British and French companies. He planned to use canal revenues to finance the dam ... The move angered France and Britain ... But Egypt was spared ... .
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Egypt prepares to launch new channel of Suez Canal

The National 22 Nov 2020
On Thursday, August 6, Egypt will pull out all the stops to celebrate the opening of a new 72-kilometre channel parallel to the Suez Canal which, for the first time, will allow ships to transit the waterway in both directions simultaneously, chopping the journey to 11 hours from the current 22 ... The flotilla finally reached Suez on November 20.
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Veolia edges closer to buying Suez stake in rancorous $4 billion deal

Metro USA 05 Oct 2020
PARIS (Reuters) – France’s Veolia <VIE.PA> edged closer to buying a big stake in rival Suez <SEVI.PA> on Monday after another suitor walked away, but still faces strong resistance to its ambition of a full takeover to create a global waste and water giant ... Shares in Suez were down 3.6% at 1347 GMT.
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Suez rebuffs Veolia’s assurances it will not make hostile bid

Metro USA 04 Oct 2020
Veolia has raised its bid to Engie’s Suez stake to 3.4 billion euros ... French Finance Minister Bruno Le Maire, who has appealed for dialogue, said on Thursday the Suez-Veolia situation was moving in the “right direction.” The French state is a major Engie shareholder ... Logo of Suez.
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A French Water and Waste Utility Deal Turned Messy. What Investors Need to Know.

Barrons 02 Oct 2020
What was unusual about the attempt by French water and waste group Veolia Environnement to buy a major stake in its French rival Suez, is that it took so long ... Suez had been spun off from Engie a few years ago. The offer, at 15.5 euros ($18.17) a share, came in at a 50% premium over Suez’s coronavirus-battered stock price.
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Veolia raises Suez stake offer to $4 billion in takeover gambit

Metro USA 30 Sep 2020
PARIS (Reuters) – Veolia raised its offer for a stake in Suez to 3.4 billion euros ($4 billion) on Wednesday, giving power group Engie a midnight deadline to decide whether to sell as the French waste and water management firm presses for a takeover of its rival ... Suez shares were up 3.5% to 15.45 euros at 1237 GMT.
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