Tractebel joins its parent in bid for water plant

Article Abstract:

Tractebel SA, a Belgium-based utilities group, and its French parent Suez Lyonnaise des Eaux SA, have formed a 50-50 joint venture to bid for a contract to create a water-treatment facility north of Brussels worth between 15 billion Belgian francs and 17 billion Belgian francs equivalent to $13.7 million and $468.8 million respectively. Tractebel's CEO Philippe Bodson said at its annual shareholder's meeting that Suez Lyonniase intended Tractebel to join the bid because it needed a Belgian partner. The French parent firm lends full support to Tractebel's international development, said Tractebel chairman and Suez Lyonniase CEO Gerard Mestrallet.

Comment:

Forms a 50-50 jv to bid for a contract to create a water-treatment facility north of Brussels w/ Tractebel SA

Belgium, Tractebel SA, Suez Lyonnaise des Eaux SA

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Saab-Embraer talks may yield contract

Article Abstract:

Saab AB of Sweden is negotiating with the Brazilian company Empresa Brasileiras de Aeronautica SA (Embraer) to agree on a subcontracting deal instead of a complete merger. Saab might be targeting new orders for 100 to 150 of the JAS 39 Gripen military airplane for the Brazilian Air Force in the next millenium, predicted an analyst. The Brazilian contract would be indicative of Saab's local presence, stated the insider. Saab, which has furnished the Swedish military with 50 JAS fighters, is concentrating on domestic defense orders and satellite operations at the moment.

Comment:

Is negotiating with the Swedish firm Saab-Scania AB to produce a subcontracting deal

Sweden, Aircraft Manufacturing, Brazil, Fighter Aircraft, Fighter planes, Saab AB, Empresa Brasileiras de Aeronautica SA

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U.S.- French venture wins Atlanta water contract

Article Abstract:

The city council of Atlanta, Georgia, has notified the joint venture of Suez Lyonnaise des Eaux and United Water Resources Inc. that the largest contract to manage a municipal water drinking facility has been awarded to them. Specifics of the deal have not been set , but the contract is estimated to be about $400 million dollars.

United States, New orders received, Water Utilities, United Water Resources Inc., SUEZ S.A.

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