The Limited Times

Now you can see non-English news...

Suez-Veolia: under the watchful eye of the State, a month of pitched battle between three French giants

2020-09-29T19:32:39.869Z


STORY - Bertrand Camus, Antoine Frérot, Jean-Pierre Clamadieu ... behind the scenes of industrial psychodrama.


Bertrand Camus finally lets go of his blows:

"

Veolia's offer is aberrant for Suez and disastrous for France,

"

thunders the CEO of Suez in an interview with

Le Figaro

, published on Sunday, September 6 at the end of the afternoon.

The reaction is ulcerated, but late.

It took the leader a week to take the blow received the previous Sunday, when Antoine Frérot, CEO of Veolia unveiled his plan: to buy 29.9% of Suez from Engie, before launching a takeover bid on the rest of the capital.

“A hostile raid”

, according to Bertrand Camus.

The violence of the reaction surprises both Veolia, Engie and the government.

Read also:

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

However, the boss of Suez is not unaware of Veolia's appetite for his group;

and Antoine Frérot knows well that Bertrand Camus is opposed to his project.

And for good reason: in March, before confinement, he broached the subject during a dinner with his counterpart, receiving a polite refusal.

On Thursday July 2, during a new dinner between the two men, Antoine Frérot puts his feet in the dish:

This article is for subscribers only.

You have 87% left to discover.

Subscribe: 1 € the first month

Cancellable at any time

Enter your email

Already subscribed?

Log in

Source: lefigaro

All business articles on 2020-09-29

You may like

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.