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Veolia improves its tender offer for Engie's stake in Suez

2020-09-30T07:14:45.777Z

Veolia is now offering 3.4 billion euros or 18 euros per share to acquire the 29.9% stake in its competitor Suez, held by Engie.



Veolia unveiled on Wednesday an improved offer to buy from Engie its 29.9% stake in its competitor Suez, now offering 18 euros per share, or nearly 3.4 billion, against 2.9 billion previously (15.50 euros per share). action), and indicated looking for a compromise.

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

The water and environment giant indeed offers Suez a period of discussions of six months "

to seek the common bases of an agreement

" and undertakes during this period not to file "

a public offer relating to 70.1% of the capital of Suez only on condition that it is friendly,

”he said in a press release.

Source: lefigaro

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