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Suez wants to make Ardian his white knight

2020-10-01T17:45:15.610Z


The fund's indicative offer to launch a friendly takeover bid is conditional on Engie's rejection of the Veolia project.


On Monday, Engie's board will vote on Veolia's offer to buy 29.9% of Suez.

Review of the questions that will agitate the next few days.

Does Ardian offer a real alternative to the Veolia project?

On Wednesday, just before Engie's board of directors, the investment fund headed by Dominique Senequier sent him an

“indicative offer letter”

.

Ardian, associated with investors whose name he is silent, offers Engie to buy back 29.9% of Suez, before launching a takeover bid on the remaining capital.

A project supported by the Board of Directors of Suez, unlike the firm and binding offer from Veolia.

In Ardian's non-binding offer, valid until 6 p.m. this Friday, one fundamental element is missing: the price.

Ardian plans to

"submit within ten days an indicative proposal for the valuation of the block"

, then to work six weeks before presenting the final price.

This will appear very long to Engie, who has a proposal

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Source: lefigaro

All business articles on 2020-10-01

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