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No end of year truce between Veolia and Suez

2020-12-08T22:18:44.208Z


Suez welcomed Tuesday that the Paris Court of Appeal dismisses its competitor from his action.The war of the environmental giants continues to rage. Suez, which does not want to be bought by Veolia, welcomed Tuesday that the Paris Court of Appeal dismisses its competitor of its action in interpretation concerning the consultation of Suez works councils. It is at the end of this consultation that Veolia will regain all its rights to the 29.9% of the capital of the company chaired by Philipp


The war of the environmental giants continues to rage.

Suez, which does not want to be bought by Veolia, welcomed Tuesday that the Paris Court of Appeal dismisses its competitor of its action in interpretation concerning the consultation of Suez works councils.

It is at the end of this consultation that Veolia will regain all its rights to the 29.9% of the capital of the company chaired by Philippe Varin that it acquired in early October.

Suez specifies that

"the trade unions have signed a method agreement the objective of which is that the information-consultation procedure ends no later than May 31, 2021"

.

This is contested by Veolia, which stresses that

"the Paris Court of Appeal considered that it was not up to it to determine the starting point of the information-consultation"

.

Based on this interpretation, Veolia estimates that this procedure should end on February 5.

This difference in analysis should again very probably be resolved in court.

Read also:

Suez-Veolia: the legal battle escalates

The tension between the two companies is not only legal.

It is now taking a media turn.

The numerous forums and declarations hostile to the project defended by Antoine Frérot, the CEO of the group, prompted Veolia to send summons by bailiffs to a certain number of personalities - economists, lawyers, etc. - so that they reveal their links, direct or indirect. , with the various protagonists of this affair.

In a letter published by

L'Obs

, the economist Élie Cohen, notably opposed to the proposed merger, expressed his dissatisfaction.

"It is not so much the question asked that is difficult for me as the method used to address it to me which is insulting",

explains the economist.

Which refutes

"any lack of direct or indirect link with the stakeholders in the operation"

.

Law professor Julien Icard also indicated that he had received a summons.

At Veolia, which assumes the approach and denies that it can be infamous, it is specified that more than two letters have been sent.

Source: lefigaro

All business articles on 2020-12-08

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