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Gaz de France, Suez talk partnership

Published: Feb. 24, 2006 at 11:06 AM

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PARIS, Feb. 24 (UPI) -- Gaz de France and Franco-Belgian utility Suez are mulling a tie-up to fight off a hostile bid by Italy's Enel for the big French company.

The move by Enel, a major electricity producer, sent Suez shares up sharply, the Financial Times said Friday.

Among the options being discussed by Gaz de France and Suez are a share swap and joint venture that could presage an eventual full merger.

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