Acquisitions

In 21st century is water becoming the most important liquid and wasting any drop of this is reckless. And the French energy and environment group Suez on Monday said it would draft a master plan for the management of water, waste and energy services in the development zone. And this company in statement said it would also expand its waste water management plant northeast of Chongqing in Tangjiatuo. The Suez want to enlarging its capacity to 450,000 cubic meters a day from 300,000cubic meters. "We could acquire an interest" in Chongqing Water, said Gerart Mestrallen, Suez chief executive in interview with the French radio station Europe 1. Suez manages the water supply for 13.5 million Chinese residents as well as 14 million in France at the moment. And this company has been selected as a partner in an economic and residential development project in the city of Tianjin near Beijing. The announcement coincided with the French President's Nicolas Sarkozy visit in China. Nicolas Sarokzy on Monday oversaw the signing of about 30 billion dollars in aviation, nuclear and other deals in what he described as unprecedented day of trade with China. The two major agreements unveiled on the 2nd day of his visit were contracts for European aerospace giant Airbus to deliver 160 aircraft and French firm Areva to build two nuclear reactors.

related story: http://uk.news.yahoo.com/afp/20071127/tbs-france-china-water-venture-company-s-5268574_1.html

by Eva Zelenakova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.