Scac and Saga



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20 Pierre Guillen, Les milieux d’affaires français et le Maroc à l’aube du xxe siècle. La fondation de la Compagnie marocaine, Paris, Puf, 1963. Pierre Guillen, “Les investissements français au Maroc de 1912 à 1939”, in Maurice Lévy-Leboyer (ed.), La position internationale de la France, Paris, Ehess, 1977, pp. 399-412. Georges Hatton, Les enjeux financiers et économiques du protectorat marocain (1936-1956). Politique publique et investisseurs privés, Paris, Publications de la Sfhom, 2008.


21 Historial archives of Société générale, box 8014.

22 Archives of Crédit lyonnais, DEEF 64556-1 (1950s).

23 Les combustibles modernes; Société troyenne de combustibles; Société armoricaine charbonnière et maritime, 1958; Comptoir des combustibles d’Alsace-Lorraine, 1959, which itself had purchased Chatel & Dollfus in 1950, which controlled Comptoir charbonnier du Sud-Est, etc.

24 Records of analyst Philippe Poulenc, Poulenc records, 18 March 1966 and 6 July 1967, kept in managing records of Compagnie financière de Suez in the mid-1980s.

25 Historial archives of Société générale, box 8806: frf 450,000 middle term credit rediscounted at Crédit national and issued by Crédit naval and Rothschild, with Société générale, Banque nationale pour le commerce & l’industrie, Paribas, Crédit du Nord, Crédit industriel & commercial, Banque transatlantique, Banque de l’union européenne and Union des banques du Nord.

26 Historial archives of Société générale, box 1539, 4635. In 1956, Rothschild, which had lost the control of its railway affiliate in 1937 because of its nationalisation, but which had kept the non-railway assets of this latter into a financial instrument, Compagnie du Nord, brought to Saga its part in the equity of Compagnie des bateaux du Nord and Compagnie navale de l’Ouest, which linked it to its informal group. Two Rothschild financial sub-holdings, Compagnie du Nord and Paris-Orléans, controlled each 20 per cent of Saga equity in 1963.

27 Historial archives of Société générale, boxes 1539/4635, and 1770/5100.

28 Historial archives of Société générale, box 1539, 4635. Sef Figures, 1951-1961.

29 Hubert Bonin, Suez. Du canal à la finance (1858-1987), Paris, Économica. Hubert Bonin, “Suez et le commerce international (1957-1987)”, in François Crouzet (ed.), Le négoce international, xiiie-xxe siècles, Paris, Économica, 1989. Compagnie financière de Suez had absorbed the investing and holding activities of Banque de l’union parisienne, which explains its control over Scac from 1967 till 1991.

30 We used press releases about Scac kept in the managing records of Compagnie financière de Suez at the end of the 1980s.

31 Scac’s profits : frf 14,2 million in 1978, 17,7 in 1979, 25,1 in 1980, 28,8 in 1981, 28,6 in 1982, 20,4 in 1984, against a turnover of more than 2,000 million, that is a net profit about 0,1 to 0,2 per cent.

32 See “Scac”, in Jean Suret-Canale, Afrique et capitaux, tome 1, Paris, L’Arbre verdoyant, 1987, pp. 133-136.

33 We used press releases about Saga kept in the managing records of Compagnie financière de Suez at the end of the 1980s.

34 See the website [www.saga.fr].

35 See Gérard Davet, “Un port en eaux troubles”, Le Monde, 10 July 2009, p. 16 (about the struggle between a globalised tycoon, V. Bolloré, and a local one, J. Dupuybaudy, to take control over the Togolese Lome port).

36 See Élie Le Du & Xavier Galbrun, Unim (Union nationale des industries de la manutention), op.cit.

37 See H. Bonin, Cfao, op.cit., pp. 581-583.

38 David Armine Howarth, Stephen Horwarth & John Haskell Kemble, The Story of P & O: The Peninsular and Oriental Steam Navigation Company, London, Weidenfeld & Nicolson, 1986. Peter Davies, The Trade Makers: Elder Dempster in West Africa, 1852-1972, 1873-1989, St.John’s, Newfoundland, Research in Maritime History, n°19, 2000.

39 Peter Suppli Benson, Bjorn Lambek & Stig Orskov, Maersk. Manden og magten, Copenhague, Politiken Bogen, 2006.

40 See Geoffrey Jones & Jonathan Zeitlin (eds.), The Oxford Handbook of Business History, New York, 2007; Oxford, Oxford University Press, 2008.

41 Thomas M. Stanback, P.J. Bearse, T.J. Noyelle & R.A. Karasek, Services, the New Economy, Totowa (New Jersey), Allanfield, 1981. Peter W. Daniels, Services Industry. A Geographic Appraisal, Londres & New York, Methuen, 1985.

42 Evangelia Selkou & Michael Roe, Globalisation, Policy, and Shipping. Fordism, Post-Fordism and the European Union Maritime Sector, London, 2004.

43 Marc Levinson, The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger, Princeton, Princeton University Press, 2006.


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