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Suez's board is finally studying Veolia's takeover bid ... and rejects it

2021-02-26T19:49:53.159Z

The group publishes solid 2020 results, even if they are marked by the pandemic. His response was expected since January 7. The board of directors of Suez addressed a firm "no" to the takeover proposal of its competitor Veolia, Friday February 26, on the occasion of the publication of the annual results of the former Lyonnaise des eaux. It took seven weeks for the board of directors of Suez to come out of the denial in which it was, by refusing to speak on the official propos



His response was expected since January 7.

The board of directors of Suez addressed a firm "no" to the takeover proposal of its competitor Veolia, Friday February 26, on the occasion of the publication of the annual results of the former Lyonnaise des eaux.

It took seven weeks for the board of directors of Suez to come out of the denial in which it was, by refusing to speak on the official proposal of its competitor.

Veolia had sent at the beginning of January to the board of Suez a draft public tender offer (OPA) at 18 euros per share covering the entire capital.

The former Générale des Eaux is the largest shareholder of Suez, since the purchase from Engie of a 29.9% stake in early October.

On February 8, the company chaired by Antoine Frérot officially submitted its offer to the Autorité des marchés financiers (AMF).

Suez's board of directors had not commented on the subject, contesting the legal validity of this offer.

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Source: lefigaro

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