PARIS (Dow Jones)--The European works council of Franco-Belgian energy and environment conglomerate Suez (SZE.FR) said Thursday it will give an opinion on the company's planned merger with Gaz de France (1020848.FR) Jan. 7.
Part of the merger plan is to spinoff and sell shares in Suez's environment operations, Suez Environnement.
The French government's recent announcement of a tax-break for existing Suez shareholders who receive shares in the new company, provided that they do not sell them for three years, is among the recent events whose consequences the council will be studying, it said in a statement.