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La «Pax Electrica» a-t-elle réduit le contrôle de Suez sur Elia, le transporteur belge d’électricité?

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  • Marc Lévy

    ()
    (Université Libre de Bruxelles)

Abstract

(VF)L’entreprise Elia, qui gère le réseau de transport d’électricité en Belgique, est contrôlée par Electrabel, le principal producteur d’électricité, et les pouvoirs publics. L’État belge a cependant contraint le groupe français Suez, maison-mère d’Electrabel, à céder 3% de sa participation dans Elia dans le cadre des accords dits de la Pax Electrica. Cet article étudie l’impact de cette cession au moyen de l’indice de Banzhaf qui mesure l’intensité du contrôle. Les résultats montrent que ces accords n’ont réduit que modestement le contrôle de Suez sur Elia au profit de l’État belge.(VA)Elia, the Belgian electricity grid manager, is controlled by the main electricity producer, Electrabel, and by public authorities. The Belgian state has recently constrained the French group Suez to sell 3% of its stake in Elia in the context of the so-called Pax Electrica agreements. This article studies the impact of this transfer of property by means of the Banzhaf control index. The results show that the agreements have only modestly changed Suez’ control intensity on Elia.

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Bibliographic Info

Article provided by revues.org in its journal Revue Finance Contrôle Stratégie.

Volume (Year): 13 (2010)
Issue (Month): 4 (December)
Pages: 139-159

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Handle: RePEc:dij:revfcs:v:13:y:2010:i:q4:p:139-159.

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Keywords: propriété; contrôle; électricité; indice de Banzhaf; Key words; ownership; control; electricity; Banzhaf index.;

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References

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  1. Marc Levy, 2006. "Control in Pyramidal Structures," Working Papers CEB 06-023.RS, ULB -- Universite Libre de Bruxelles.
  2. Sabri Boubaker & Florence Labégorre, 2008. "Le recours aux leviers de contrôle:le cas des sociétés cotées françaises," Revue Finance Contrôle Stratégie, revues.org, vol. 11(3), pages 95-124, September.
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  7. Ariane Chapelle & Ariane Szafarz, 2006. "Control consolidation with a threshold: an algorithm," Working Papers CEB 06-007.RS, ULB -- Universite Libre de Bruxelles.
  8. Newbery, David M & Pollitt, Michael G, 1997. "The Restructuring and Privatization of Britain's CEGB--Was It Worth It?," Journal of Industrial Economics, Wiley Blackwell, vol. 45(3), pages 269-303, September.
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