Suez Canal Company Suez Canal Company The Universal Maritime Suez Canal Company (, or simply "Compagnie de Suez" for short) was the corporation that constructed the Suez Canal between 1859 and 1869 and operated it until the 1956 Suez Crisis. It was formed by Ferdinand de Lesseps in 1858, and it owned and operated the canal for many years thereafter. Initially, French private investors were the majority of the shareholders, with Egypt also having a significant stake. When Isma'il Pasha became Wāli of Egypt and Sudan in 1863, he refused to adhere to portions of the concessions to the Canal company made by
Suez Crisis resigned, and his unsuccessful handling of the Suez Crisis eclipsed the successes he had achieved in the previous 30 years. Eden's successor, Harold Macmillan, accelerated the process of decolonisation and sought to recapture the benevolence of the United States. He enjoyed a close friendship with Eisenhower, dating from the North African campaign in World War II, where General Eisenhower commanded allied invasion forces and Macmillan provided political liaison with Winston Churchill. Benefiting from his personal popularity and a healthy economy, Macmillan's government increased its Parliamentary majority in the 1959 general election. The Suez crisis, though a blow to British power