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Electricite de France SA Sues Veolia Environnement Ve SA Over Dalkia Venture Control-Reuters

Friday, 26 Oct 2012 07:29am EDT 

Reuters reported that Electricite de France SA (EDF) is suing Veolia Environnement Ve SA (Veolia) for the right to increase its stake in their Dalkia energy services joint venture to 50 percent. EDF has said it wants to raise its 34 percent stake to be on an equal footing with its partner in Dalkia. It said that several attempts to agree parity with Veolia had failed. Veolia, which owns 66 % of the business, said in a statement that it planned to "strongly oppose" EDF's demand, claiming that EDF had lost its right to boost its ownership in 2005. 

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