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Veolia's offer for Suez: Engie wants to raise the stakes

2020-09-04T18:27:29.415Z


The group believes that Veolia's offer is too low. Its president wants to bring out alternative offers.


Engie generally appreciates Veolia's offer to buy back its stake in Suez, but it wants a much better price.

"The project, in certain aspects, is attractive but

the account is not there

, estimated Jean-Pierre Clamadieu Friday morning at the microphone of BFM Business

.

Our vision is that the value of Suez is more important than the basis of this discussion. ”

Read also:

Suez engaged in a race against time

Engie enlisted the services of bankers from Lazard, Credit Suisse and BNP Paribas to advise him on the offer that Veolia gave him on Sunday.

The group led by Antoine Frérot offers him 15.50 euros per share, or 3 billion for most of its stake in Suez, or 29.9%.

Engie would like much more.

"We are not in an order of magnitude of one or two euros more"

, confides in

Figaro

a source on the seller's side.

Following statements by Jean-Pierre Clamadieu, the price of Suez recovered slightly on Friday (+ 1.65%, to 15.08 euros), without however reaching the price offered by Veolia.

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Source: lefigaro

All business articles on 2020-09-04

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