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Determined to succeed in its takeover bid for Suez, Veolia refuses to negotiate with Ardian

2021-01-18T20:40:45.132Z


Its CEO ignores the letter of intent of the investment fund, presented by Suez as a white knight. Will Suez be able to escape the takeover bid that his rival Veolia, which already holds 29.9% of its capital, wants to launch on him? His boss, Bertrand Camus, dreams of it and relies heavily on a letter of intent filed Sunday by the Ardian fund. If this letter has not moved the lines as much as Suez would have liked, discussions will finally begin with Veolia. Presented by Suez as a white knight


Will Suez be able to escape the takeover bid that his rival Veolia, which already holds 29.9% of its capital, wants to launch on him?

His boss, Bertrand Camus, dreams of it and relies heavily on a letter of intent filed Sunday by the Ardian fund.

If this letter has not moved the lines as much as Suez would have liked, discussions will finally begin with Veolia.

Presented by Suez as a white knight in his war against Veolia, Ardian is actually more of a blue helmet ...

● Does Ardian intend to file a takeover bid on Suez?

Suez presents the letter of intent from Ardian and his ally GIP as the alternative offer he has long promised.

Both funds are more cautious.

Their takeover bid at 18 euros per share, mentioned by Suez, is only one possibility, among others.

Above all, they do not want to oppose Veolia.

Their press release specifies that their approach is

“in a friendly context between Suez and Veolia”

.

Mathias Burghardt, head of Ardian Infrastructures, specifies that

“this

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Source: lefigaro

All business articles on 2021-01-18

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