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19 Apr 2021 PARIS, France
Veolia And Suez Settle Acrimonious Takeover Bid
Peace has been declared in a French water battle that saw two of its leading players at loggerheads for more than six months. The proposed merger agreement will create a group with annual revenues of €37 billion. The new Suez will be a standalone entity with revenues of around €7 billion.
21 Feb 2021 PARIS, France
Veolia Appeals To Suez Shareholders In Hostile Takeover Bid
French water, waste management and energy giant Veolia filed a tender offer on 7 February for the shares in rival Suez that it doesn’t already own. The move takes the increasingly acrimonious takeover bid out of the boardroom and into the hands of shareholders.Suez claims the offer of almost $21.90 USD per share for the remaining Suez shares violates Veolia’s commitment to amicability in the takeover, which began in October last year with the acquisition of a 29...
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