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BUSINESS BRIEFS

SPP investors take board seats

AT A SHAREHOLDERS MEETING on July 11 the SPP gas utility elected members of an investment consortium which bought a minority stake in the firm earlier this year to its board of directors.

Ulrich Scholer, board president, and Jan Massman will represent Ruhrgas, while Philippe Boucly and Jean-Francois Carriere will sit for Gaz de France.

A third member of the consortium, Gazprom, has not yet paid its share of the transaction.

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