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OPA, activism ... Outbreak of hostility in French capitalism

2020-10-23T18:34:21.925Z


BIG DECRYPTION - The economic crisis, the fall of the stock market, uncertainty and abundant money are the ingredients of an explosive cocktail.


Looking for friendliness, desperately.

Since Engie sold 29.9% of Suez to Veolia on October 5, the government has been faced with a headache: the takeover bid that Veolia, one of the two French champions in water and waste treatment , wants to launch on its historical rival Suez, must be friendly… or not be.

However, the managing director of Suez, Bertrand Camus, supported by his board of directors, is against it.

The president of Engie, Jean-Pierre Clamadieu, the CEO of Veolia, Antoine Frérot, and the Minister of the Economy, Bruno Le Maire, ensure they do everything to find the much desired friendliness.

Read also:

Could the takeover of Suez by Veolia have an effect on water prices?

Friendliness?

Never has a word described so well, by antiphrase, the mores reigning in French capitalism since the end of summer.

In addition to the express cession of a Suez bloc to its long-standing enemy under unprecedented conditions, a series of cases involving figures of capitalism hit the headlines, from the takeover over Suez to the arrival of activists at Unibail and Lagardere,

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Source: lefigaro

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