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Veolia-Suez: The Mayor regrets "the haste" and wants to keep "two industrial champions"

2020-10-18T18:13:01.331Z

The Minister of the Economy Bruno Le Maire regretted this Sunday “ the haste ” in the Veolia-Suez merger file, wanted by Veolia against the will of Suez, which resulted in a current blockage, and affirmed the need to “ keep two industrial champions ”. Read also: Bruno Le Maire, a minister in the Suez backwater “ We will see ” if this project will succeed or not, “ but that simply confirms us in



The Minister of the Economy Bruno Le Maire regretted this Sunday “

the haste

” in the Veolia-Suez merger file, wanted by Veolia against the will of Suez, which resulted in a current blockage, and affirmed the need to “

keep two industrial champions

”.

Read also: Bruno Le Maire, a minister in the Suez backwater

We will see

” if this project will succeed or not, “

but that simply confirms us in what I pleaded from the beginning: it was necessary to take its time.

I regret the haste in which this whole affair has been conducted.

(...) In return for what, as always (when we rush), it is blocked

”, declared Bruno Le Maire in the program Dimanche en Politique on France 3.

"

What matters is that there is an amicable agreement

" whatever the time it will take, "

that we keep two industrial champions because we need competition, and (...) that we protect employment.

In an economic period like this, the first responsibility of a business leader, whether he is at the head of Engie, Suez or Veolia, is to protect jobs,

”said Mr. . The mayor.

Seized by the representative bodies of Suez employees for not having "

been informed and consulted regularly on this project

", the Paris court ordered on October 9 the "

suspension of the transaction

" of acquisition by the water and waste giant Veolia with a 29.9% stake in Engie in its competitor Suez.

Veolia's offer of 3.4 billion euros was accepted on October 5 by the board of directors of Engie, against the will of the state, which owns 23.6% of Engie.

Source: lefigaro

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