According to the Financial Times, French utility group Suez has denied reports published in El Economista claiming that it was considering to make an offer of E44 billion, or E42 per share, for Spanish electricity company Endesa.
<p>Following the denial, Suez emphasized its commitment to a merger with Gaz de France, and stressed that it was not losing patience with the delayed merger project, the Financial Times stated. <br /><br />Forbes reported that the Spanish press, without citing sources, said that Suez was considering making an offer in conjunction with Gas Natural for the Spanish utility firm and had already met four times with the group. It also claimed that the French energy company was considering a deal, in the anticipation of a successful bid, which will see Gas Natural increase its stake in Endesa. <br /><br />However, Forbes also reported that Suez declined to comment on the rumor that it was to purchase a 5% stake in Gas Natural.</p>