French gas merger raises fresh fears of Fortress Europe by Philip Thornton
Fears of an outbreak of protectionism across Europe soared yesterday after Suez, the French energy giant, unveiled plans to merge with Gaz de France, in a move to fend off a hostile bid by an Italian company. The deal will be a fresh challenge to Charlie McCreevy, the EU commissioner in charge of the internal market, who intervened last week to force Spain to amend laws that would have enabled it to block a German takeover of Endesa, the energy company.
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