Zeebrugge ownership spat settled.

World Gas Intelligence | September 10, 2008 | Copyright

GDF Suez has resolved a dispute over control of Belgian gas network operator Fluxys and its Zeebrugge LNG terminal subsidiary. The upshot is that Belgian public holding Publigaz, until now the second-largest shareholder in Fluxys, will eventually gain majority control of the business and its core pipeline network. In return, GDF Suez will have a majority stake in the terminal but from 2010 onward no longer exert managerial control.

Although shares in GDF Suez have been trading since Jul. 22, its merger still requires final European Commission approval, and resolution ...

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