The Limited Times

Now you can see non-English news...

Between Veolia and Suez, war is declared

2021-02-08T21:25:42.685Z


RÉCIT - The group led by Antoine Frérot, which already owns 29.9% of its rival, goes back on its commitment not to launch a hostile takeover bid. This turnaround opens a new judicial front in their war.


Organized on neutral ground, the secret rendezvous was supposed to be the start of negotiations to find a solution to the trench warfare that has been opposing Veolia and Suez since the end of the summer.

The ace.

It kicked off an outbreak of hostilities never seen in this conflict.

Friday afternoon, Antoine Frérot, CEO of Veolia, finally met Bertrand Camus, CEO of Suez.

A first for months.

Antoine Frérot, who bought in a few weeks, between the end of the summer and the beginning of last autumn, 29.9% of Suez in Engie, has since only one objective: to succeed in his takeover bid on the group led by Bertrand Camus.

But the latter does not want it.

If he came, it was above all to negotiate on the basis of an alternative project presented by the investment funds Ardian and GIP.

The dialogue of the deaf takes place.

Read also:

The five cases that can change the game for the future of Suez and Veolia

Antoine Frérot asks his interlocutor to put aside the discussions he is having with Ardian and GIP.

Bertrand Camus refuses, and offers in vain

This article is for subscribers only.

You have 91% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-02-08

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.