Ardian is not giving up.
In mid-September, the investment fund, which has 100 billion euros in assets under management, appeared to be the recourse of Suez leaders, to prevent Engie from selling 29.9% of the environmental champion to its rival Veolia.
But under pressure from Jean-Pierre Clamadieu, president of the seller group, Ardian had, at the last moment,
"decided not to submit an offer to allow time for discussions in progress"
, allowing Veolia to win 29.9% from Suez.
Read also:
Veolia ready to return to the Suez attack
This takeover did not convince Philippe Varin and Bertrand Camus (respectively chairman and managing director of Suez) to open negotiations with Antoine Frérot, the CEO of Veolia, with a view to discussing his plan to launch a takeover bid on Suez.
In this context, Ardian returned to its plan to launch its own takeover bid on Suez.
The fund is continuing its work to assess the feasibility of the transaction.
He always works hand in hand with the board of directors and
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