above and beyond the call of duty ..., page-16

Found this...21 december...let hope "the state" goes with the right decision. Off on XMAS holiday now...hope when I get back there is some good new awaiting on my watchlist.

translated from
http://www.romandie.com/infos/news2/071221115355.yqx9uvxe.asp

PARIS - Charbonnages de France (CDF), which should be completed Dec. 31, will sell Sofirem responsible for the conversion of mining regions, the panel of Alpha board for a little less than 20 million euros, said on Friday with the mining group.

The board of directors of Charbonnages de France, meeting Wednesday, chose the Alpha group, which specialises in advising committees, among the candidates for the acquisition of the Finance Corporation to promote the industrialization of the mining regions (Sofirem) said a spokesman for the group.

The Sofirem was established in 1967.

The directors of Charbonnages did not know, however, on the repurchase of Gazonor, to operate the gas ( "firedamp") of old mines in the Nord-Pas-de-Calais, "in anticipation of a decision of the State ".

The Minister for the Economy Christine Lagarde defended Oct. 10 the sale of the Australian group Gazonor European Gas Limited (EGL), while local government officials prefer a regional project combining Dalkia (a subsidiary of Veolia Environnement and EDF), Financial Nord-Pas-de-Calais and corporate social housing.

The public group also holds 16.25% stake in Endesa France (ex-Snet, National Society of electricity and heat), whose fate is linked to the redemption of Spanish energy group Endesa by the group of Spanish Acciona BTP and the Italian energy group Enel.

As part of this acquisition, 65% owned by France Endesa Endesa must return to the German EON in the first quarter 2008. But nothing has been decided about the remaining 35% held by EDF (18.75%) and Coal (16.25%), which want to sell all their shares.

A decree must decide in the next few days the dissolution of Charbonnages and create a "liquidation" was established to manage and sell these assets.