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Remondis announces its interest in the new Suez

2021-05-01T12:28:55.594Z

ANALYSIS - The German operator is ready to acquire a good part of the capital. The capital of the future Suez arouses envy. The German Remondis has just sent a letter of intent to the board of directors of Suez to express its interest in acquiring up to 40% of the capital of the new group. Read also: The Suez unions in expectation Remondis is a historical player in waste, created in 1934, also present in water. The family group achieves around 8 billion euros in turnover.



The capital of the future Suez arouses envy.

The German Remondis has just sent a letter of intent to the board of directors of Suez to express its interest in acquiring up to 40% of the capital of the new group.

Read also:

The Suez unions in expectation

Remondis is a historical player in waste, created in 1934, also present in water.

The family group achieves around 8 billion euros in turnover.

In his letter to the board of Suez, he expressed his

“interest in the new Suez” in

order to

“become a minority shareholder”

alongside the

“Meridiam and Caisse des Dépôts (CDC)”

fund

.

It is therefore fully in line with the project drawn up by the agreement announced on April 12 by Suez and Veolia.

The latter intends to launch a public tender offer at 20.50 euros per share on the capital of Suez.

And, to take into account the requirements of the European competition authorities, it will sell assets, including all of Suez's French activities, to a new entity.

This new company, which will take over

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Source: lefigaro

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