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Veolia CEO puts pressure on Suez board

2021-02-25T16:34:35.076Z


Reinforced by its good results, the group wants to complete the takeover bid launched on its rival. "The merger project with Suez is progressing exactly as we had wished." Antoine Frérot, CEO of Veolia, is resolutely optimistic about the outcome of the takeover bid launched by his group for Suez. The manager took advantage of the publication of the 2020 results to repeat it, supported by several recent court decisions favorable to Veolia. On February 8, the group chaired by Antoine Frérot filed


"The merger project with Suez is progressing exactly as we had wished."

Antoine Frérot, CEO of Veolia, is resolutely optimistic about the outcome of the takeover bid launched by his group for Suez.

The manager took advantage of the publication of the 2020 results to repeat it, supported by several recent court decisions favorable to Veolia.

On February 8, the group chaired by Antoine Frérot filed a takeover bid for Suez.

A deposit accepted by the Autorité des marchés financiers (AMF), but contested by Suez.

Read also:

Between Veolia and Suez, the battle is raging

Last Tuesday, after the commercial court of Nanterre declared itself incompetent to rule on the validity of this offer, Antoine Frérot hammered home his wish to

“present his merger project to all the directors of Suez”

.

Without having any feedback for the moment.

"I hope to have an answer to my request,"

said the boss of Veolia on Thursday.

And to go further, explaining that

"Suez must investigate our offer and respond to it"

, this

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Source: lefigaro

All business articles on 2021-02-25

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