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Veolia ready to resume attack on Suez

2020-11-03T19:41:40.313Z


Decided to launch a takeover bid on its rival, the group takes legal action against its target and addresses its shareholders.


“The train left on time.

It is now launched and will not be stopped. ”

Antoine Frérot, CEO of Veolia, even wants to accelerate his plan to take control of Suez.

Faced with fierce opposition from the leaders of his target, he switched to a more offensive strategy.

On Tuesday, he announced an acceleration of the timetable for the Suez takeover bid.

To do so, it responds in the judicial field to the guerrillas led by the leaders of Suez.

Read also:

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

Engie sells its stake in Suez to Veolia, after a month of battle between the bosses of the three groups.

Veolia and Engie hoped that once this stage had passed, the situation would calm down and lead to a friendly takeover bid.

It has not happened.

Antoine Frérot is up against the leaders of Suez, of which he denounces

"the double speech", "a policy of the scorched earth"

and a

"systematic end of inadmissibility

" to his negotiation proposals.

The boss of Veolia evokes a message to Philippe Varin, the president of Suez, on October 6 for him

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Source: lefigaro

All business articles on 2020-11-03

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