The Limited Times

Now you can see non-English news...

Bertrand Camus: "The operation proposed by Veolia is aberrant for Suez and disastrous for France"

2020-09-06T15:27:47.983Z


EXCLUSIVE INTERVIEW - Bertrand Camus, Managing Director of Suez, reacts to the proposal of his rival Veolia to buy 29.9% of its capital from Engie then to launch a takeover bid on the group.


LE FIGARO.

- You were surprised by Veolia's offer.

However, you were not unaware of either Engie's plan to sell its stake in Suez, or Veolia's desire to take control of the group.

Bertrand CAMUS.

-

When you launch a hostile raid like this, you are not warning the entire planet.

The elements of the equation were in place, and we were preparing for Engie's release.

What is most surprising is the timing chosen by Veolia: the water and waste treatment activity is an essential sector, and France is still in the health crisis, with priority issues of jobs and economic recovery.

Beyond these circumstances, the operation proposed by Veolia is aberrant for Suez and disastrous for France.

This is an attempt to major destabilize a flagship company in our country.

It is an opportunistic financial operation, with a baroque approach.

It undervalues ​​Suez's assets: Stock market prices are affected by the

This article is for subscribers only.

You have 86% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

Enter your email

Already subscribed?

Log in

Source: lefigaro

All business articles on 2020-09-06

You may like

News/Politics 2024-03-26T06:24:27.861Z
News/Politics 2024-02-29T11:13:50.254Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.