Veolia Seeks Arbitration after Gabon Asset Seizure


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.