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Ardian will not participate in the "new Suez" project

2021-04-20T19:20:01.376Z

“After nine months of review, the project that has just been chosen does not satisfy us. We will not be part of it, ”said Mathias Burghardt, head of Ardian Infrastructures.



The Ardian and GIP investment funds have decided that they will not participate in the "

new Suez

" project, the future group provided for by the merger agreement between Suez and Veolia, the head of Ardian Infrastructures indicated on Tuesday evening.

Read also: Determined to succeed in its takeover bid on Suez, Veolia refuses to negotiate with Ardian

We are serious people. After nine months of review, the project that has just been chosen does not satisfy us. We will not be part of it,

”Mathias Burghardt told Les

Échos

. “

We have not had discussions with the Ministry of Finance, nor talks to try to work out an agreement. We have in no way tried to unravel the new project between Suez and Veolia. The question was: are we able to participate? And the answer was no

, ”he adds.

Source: lefigaro

All business articles on 2021-04-20

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