Suez

Article Abstract:

Suez is seeking to promote shareholder value and has cancelled shares which the company owns which has narrowed Suez' equity base. The company is also focusing on core activities and is selling Banque Indosuez in stages. Suez focuses on utilities industries with Tractebel dominating in this area, and financial services, where the company owns Sofinco and holds major stakes in Fortis, an insurer, and Generale Bank. The company has increased its stake in Tractebel to 65% through Societe Generale de Belgique, a subsidiary of Suez.

Insurance, Insurance Carriers and Related Activities, Motor and Generator Manufacturing, INSURANCE CARRIERS, Motors and generators, Electrical Generators, Industrial equipment and supplies industry, Industrial equipment industry, Electric generators, Suez Co.

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ABN Amro

Article Abstract:

ABN Amro was set up from the merger of financial institutions in the Netherlands and has made quiet progress with expansion in the US and elsewhere. ABN has reported strong profits from bond and stock markets and bad debt provisions have dropped due to a prudent approach to lending. Costs have risen due to increased salaries for some traders and brokers and acquisitions in the Far East and Scandinavia. ABN Amro faces a world industry which is undergoing consolidation.

Company Profile, ABN AMRO Bank N.V. (Amsterdam, Netherlands)

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Suez

Article Abstract:

Suez has been affected by bad debts from real estate loans which have led to write-downs and a loss for 1995. Banque Indosuez' operating income also dropped in that year due to weakness in European economies and foreign exchange movements. Societe Generale de Belgique reported an increase in profit, and Sofinco, a consumer credit concern, also performed well in 1995. The company is carrying out a recovery plan under Gerard Mestrallet, the new chairman.

Suez

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