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Suez offers a way out for Veolia

2021-01-17T20:16:44.415Z


Two investment funds are ready to launch a takeover bid to unblock the situation between the two French champions of environmental services.


The alternative offer has finished playing the Arlésienne.

On Sunday January 17, a consortium led by investment funds Ardian and GIP sent a letter of intent to the board of directors of Suez in order to

"propose a friendly solution in the interest of all parties"

, according to a statement. de Suez following a board meeting held the same day.

In an interview with

Le Figaro

, Bertrand Camus, the managing director of Suez, is a little more explicit:

"The consortium is there to offer a friendly solution that can go as far as an offer for 100% of the capital of Suez."

In short, it's almost a takeover project, with an announced price of 18 euros per share.

Almost, because the objective is to convince Veolia to adhere to this proposal.

Read also:

Veolia-Suez: the secrets of a merciless war

It will not be easy, since the company chaired by Antoine Frérot has repeatedly stated its intention to launch an offer to purchase Suez, once the approval of the competition authorities has been obtained.

And, with the 29.9% of

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Source: lefigaro

All business articles on 2021-01-17

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