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Suez-Veolia: behind the battle, twenty years of twisted blows

2020-09-21T18:20:17.058Z


BIG STORY - The takeover offer for Suez by Veolia marks a new episode in the merciless war between the two French environmental giants.


Antoine Frérot is one of those who avoid sitting with your back to the door.

Twice, he survived putsch.

Twice, he saw the hand of Henri Proglio, his predecessor at Veolia, who left for EDF in 2009.

Revenge is a dish best eaten cold, right?

Frérot is not surprised to hear that Henri Proglio, who has a formidably long memory, is today, without a mandate, on the side of those who are determined to block his route to Suez.

To read also:

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

Henri Proglio is certainly not in court in Macronie, but in any case he has known exactly what Suez is going through today: to fight to keep control of the destiny of a company whose fate depends on the decision of his first shareholder.

At the time, Générale des Eaux was not yet Veolia, but Vivendi Environnement (VE).

In March 2002, Vivendi's boss, Jean-Marie Messier, announced that he could drop below 50% of VE.

A sentence that triggers major maneuvers.

Like the one pronounced on July 31

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Source: lefigaro

All business articles on 2020-09-21

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