TNAG-1506-FCO40-2064-Guangdong-nuclear-power-station-project-at-Daya-Bay-safety-c-1986 — Page 92

GRS 270

RESTRICTED

FM BRUSSELS

TO ROUTINE DTI

TELNO INDUS 74

663

Restricted

TOP COPY Q DIST 7

OF 1416417 OCTOBER 86

RECE

FOR J ALTY, SEE 3B, DTI

FROM A G WINGATE, BRUSSELS

Akik fl

STRY

2 0 OCT 1986

REGISTRY

PA

Action Taken

YOUR INDUS 35

GUANGDONG NUCLEAR TRANSMISSION LINE PROJECT.

1.

WE CONFIRM THAT PAUWELS INTERNATIONAL OF MECHELEN SUPPLY

TRANSFORMERS.

2. WE BELIEVE THAT THERE IS CONFUSION OVER TRACTOBEL' AND

'TRACTIONNEL'. ORIGINALLY EXISTING AS TWO SEPARATE BELGIAN

COMPANIES CALLED ELECTROBEL AND TRACTIONEL THEY HAVE MERGED

TO FORM TRACTEBEL IN WHICH THE BELGIAN BANKING AND HOLDING

GROUP SOCIETE GENERALE HAS 12 PERCENT OF THE SHARES. WE HAVE

BEEN UNABLE TO DISCOVER ANY DIRECT FRENCH SHAREHOLDING IN THE

BELGIAN FIRM ALTHOUGH THERE ARE TWO TRACTEBEL BOARD MEMBERS

RESIDENT IN FRANCE (WE ARE UNAWARE OF THEIR NATIONALITY).

3. WE ARE ALSO UNAWARE OF A FRENCH FIRM WORKING UNDER THE

NAME OF 'TRACTIONNEL'.

4.

TRACTEBEL HAS A WHOLLY-OWNED SUBSIDIARY IN HONG KONG CALLED

*BELGIAN ENGINEERING AND ENTERPRISES LTD', A HOLDING COMPANY

FORMED IN 1979 TO PROMOTE TRACTEBEL'S GENERAL INTERESTS IN

SOUTH-EAST ASIA.

5. TRACTEBEL HOLD 99.7 PERCENT OF SHARES IN THE FRENCH HOLDING

COMPANY INEC AND HAVE A 8.1 PERCENT (DIRECT AND INDIRECT)

INTEREST IN CNM (FRANCE), ALSO A HOLDING COMPANY.

6. ANY INDUSTRIAL SUBSIDIARIES GIVEN TO TRACTEBEL WOULD BE, WE BELIEVE, THROUGH REDUCED RATE EXPORT CREDIT INSURANCE COVER FROM DUCROIRE, THE BELGIAN EQUIVALENT OF ECGD AND PERHAPS SOFT CREDIT FROM THE SOCIETE GENERALE. FOR OBVIOUS REASONS THIS IS

DIFFICULT TO VERIFY.

Restricted

17.BOTH