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Suez-Veolia-Engie: the State shareholder condemned to be wrong

2020-10-06T18:17:43.896Z


DECRYPTION - Bruno Le Maire, who has been an omnipresent actor, has failed. He was forced, Monday, to let this operation take place without having created a consensus.


Brilliant for some, Machiavellian for others.

Veolia's maneuver to seize the keys to Suez through Engie, to whom an offer that was impossible to refuse was presented, ultimately worked.

Read also:

Suez-Veolia-Engie: under the watchful eye of the State, a month of pitched battle between three French giants

However, Veolia did not anticipate that the State would be such an omnipresent player.

Antoine Frérot, who has never been a big fan of Bruno Le Maire, would have been content with the public guarantee easily obtained from the Prime Minister and the

nihil obstat

of the Elysee and Bercy.

The CEO of Veolia thought to take care of the rest, that is to say to bring Suez to the negotiations.

"The certainty of the sale of Engie's shares created the need for discussion, the completion of this sale should trigger the agreement

," explains a person close to the file.

This is what Bruno Le Maire did not want to understand. ”

Political impossibility

Counterproductive, the minister's insistence on demanding a

"friendly"

agreement

?

In reality, since day one, it has been the flaw in the tactics used by Antoine Frérot: to place the government

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Source: lefigaro

All business articles on 2020-10-06

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