Spain's government would probably seek to stop France's Suez SA from increasing its stake in Spain's Gas Natural SDG SA,
Expansion reports, citing comments made by industry minister Joan Clos.
Clos told journalists that the Spanish government will watch
closely any possible consolidation moves by Suez in Spain, following
the completion of its announced merger with Gaz de France SA.
Barcelona-based savings bank La Caixa is Gas Natural's top
shareholder, with a 33% stake. Spanish-Argentine oil company Repsol YPF
SA owns a 30.9% stake, while Suez SA owns a 11.4% stake.