"Combative and determined."
This is the state of mind of Bertrand Camus, CEO of Suez, faced with the surprise offer from his counterpart at Veolia, Antoine Frérot.
On Sunday August 30, Veolia proposed to Engie to buy back most of its stake (32%) in Suez before launching a takeover bid on the rest of the capital.
Right a week later, the media response from Bertrand Camus
(read below)
announces the launch of the Suez counter-offensive to escape a
“particularly hostile” offer
and keep its independence.
Faithful to his engineering culture, the group's boss (
“twenty-six years at home, including twenty abroad”
) preferred to take the time to prepare and do things in order.
To read also:
Bertrand Camus: "The operation proposed by Veolia is aberrant for Suez and disastrous for France"
From Monday, August 31, he secured the support of his board of directors, chaired by Philippe Varin.
The latter recalled his
"total confidence in Suez's strategic project as an independent company"
.
The Suez unions then stepped up to the plate.
In a letter
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