The Limited Times

Jacques Olivier Martin: "Veolia-Suez: forgetting the time of misunderstandings"

10/4/2020, 10:20:48 PM


CHRONICLE - In this financial brawl, once is not customary, the funds pass for the good Samaritans and show in passing their great diversity.

Whatever the outcome of the attempted takeover of Suez by Veolia, which is still very uncertain, time plays a central role for the parties.

To each his own time, one might say.

Suez has been asking for it since the very minute his attacker declared himself in order to be able to hope to build a counter-offer.

Conversely, Antoine Frérot requires Engie, to whom he offers to buy 29.9% of the capital of Suez, a response as quickly as possible.

The success of his maneuver is largely due to the speed of execution of his attempt.

Last Wednesday, the CEO of Veolia agreed to cede five days to the opponent: will he bite his fingers?

Read also:

Between Suez and Veolia, the lines are moving

As for Jean-Pierre Clamadieu, he doesn't want it either.

The chairman of Engie, seller of his stake in Suez, prefers to keep the offer from Veolia (clearly re-evaluated) rather than wait for a hypothetical one-upmanship and engage in a complex affair.

Its horizon is the strategic refocusing of Engie.

The sale of its stake in its subsidiary and the billions

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