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French water and waste management
company Suez announced on Thursday it will increase its share in
Italian utility giant ACEA to 23.3% from its current 12.5%, by
buying shares from Italian real estate and construction company
Caltagirone. Suez said the purchase will be financed by issuing
Caltagirone new shares in its company, equivalent to 3.5% of its
capital, as part of a long-term industrial partnership.
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