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 turned away from acting as a great imperial power. During the 1960s there was much speculation that Prime Minister Harold Wilson's continued refusals to send British troops to Vietnam, even as a token force, despite President Lyndon B. Johnson's persistent requests, were partially due to the Americans failing to support Britain during the Suez Crisis. Edward Heath was dismayed by the U.S. opposition to Britain during the Suez Crisis; as Prime Minister in October 1973 he refused the U.S. permission to use any of the UK's air bases to resupply during the Yom Kippur War, or to allow the Americans