The Autorite des Marches Financiers (AMF) has given its consent for the merger on the condition that it receives respective shareholder approval for the proposed exchange ratio of 21 Gaz de France (GDF) shares to 22 Suez shares, reported the news source.
The AMF has also cleared the way for the listing of 65% of Suez Environment on the Paris and Brussels stock exchanges, a necessary spin-off pre-condition for the Suez-GDF merger to go through.
