The Limited Times

Now you can see non-English news...

Veolia-Suez: the battle of the water giants turns into a trench warfare

2020-09-24T19:38:43.379Z


RÉCIT - Engie and Veolia denounce the maneuvers of Suez, which has decided to house its French water activities in a Dutch foundation. The executive ruled out a hostile operation between two French industrialists.


The pill does not pass.

The coup de Jarnac from the board of directors of Suez, which made the group's activities in water in France unassignable thanks to the creation of a foundation under Dutch law, caused a real explosion.

On BFM Business, the CEO of Veolia, Antoine Frérot, did not have enough harsh words to qualify this arrangement.

A

"dirty trick"

, a

"last maneuver a little pitiful desertion",

he attacked, still determined to carry out his project of bringing the two groups together.

Read also:

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

At Engie, a 32% shareholder of Suez, the response took place in the morning.

Its boss, Jean-Pierre Clamadieu, met the president of Suez, Philippe Varin, in a tense atmosphere.

The first gave the second a letter in which he asked for the convening of an extraordinary general meeting in the very short term to examine

"this baroque and opaque mechanism, and be able to measure its legal consequences"

.

On the side of the public authorities too, the maneuver was very unhappy.

This article is for subscribers only.

You have 80% 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 2020-09-24

You may like

News/Politics 2024-04-03T06:26:38.428Z

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.