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 Kingdom and France and strengthened Nasser. On 29 October, Israel invaded the Egyptian Sinai. Britain and France issued a joint ultimatum to cease fire, which was ignored. On 5 November, Britain and France landed paratroopers along the Suez Canal. The Egyptian forces were defeated, but they did block the canal to all shipping. It later became clear that the Israeli invasion and the subsequent Anglo-French attack had been planned beforehand by the three countries. The three allies had attained a number of their military objectives, but the canal was useless. Heavy political pressure from the United States and the USSR