Financial Times FT.com

Belgium and GDF Suez agree partial tax truce

By Peggy Hollinger in Paris and Stanley Pignal in Brussels

Published: October 22 2009 19:25 | Last updated: October 22 2009 19:25

A partial truce was declared on Thursday in the battle between GDF Suez and the Belgian government over a proposed nuclear tax to help restore state finances.

Herman Van Rompuy, the Belgium prime minister, announced that the French utility had agreed to pay as much €915m ($1.4bn) over the five years to 2014.

Gerard Mestrallet

Gérard Mestrallet, GDF Suez executive chairman, reignated the debate over the tax charge

EDITOR’S CHOICE

Slowdown will cost GdF-Suez €600m this year - Aug-27

GdF-Suez hit by union’s results leak - Aug-26

GdF Suez eyes Brazil nuclear market - Jul-19

Suez ditches its profit targets - Mar-04

Smell of success may be under Suez’s nose - Jul-16

Editorial comment: Powerful partners - Jun-04

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this