GDF Suez Quits Europe as Belgium Plans to Shut Reactors: Energy
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Europe is driving its largest power and natural-gas utility off the continent.
GDF Suez SA is dealing with government caps on prices in France and Belgium, losing a 1.8 billion-euro ($2.3 billion) wind-farm project in France it spent five years preparing, and an early shutdown of as many as three atomic reactors in Belgium. Chief Executive Officer Gerard Mestrallet says he only sees expansion coming in faster-growing Asia and Latin America.