Veolia Seeks Arbitration after Gabon Asset Seizure

LIBREVILLE

Veolia Environnement SA’s Gabonese unit is seeking arbitration after the government seized its assets in the central African nation, moving away from decades-old ties with former colonial ruler France. The dispute about Veolia’s water and electricity utility in Gabon comes as the cash-strapped government of President Ali Bongo is looking east to woo investors from China to Russia, while several French companies are on the way out.

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