Tractebel moves on:
Belgian utility holding company has expressed its desire to remain at arm`s length with its majority shareholder, Suez Lyonnaise des Eaux. It has set up a committee to ensure constructive dialogue between the parties. Outgoing CEO, Baron Philippe Bodson, has expressed concern over the company`s future strategy. Tractebel reported net profit increases of 22.8 per cent from 1997 levels.