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The Meridiam and GIP funds challenged to develop a new Suez

2021-05-14T23:13:00.255Z

The boards of Veolia and Suez approved the fundraising of the group created at the end of the upcoming takeover bid.



This time, mass is said.

On Friday, the day after the Ascension, Suez's board of directors approved the upcoming takeover bid from rival Veolia.

The main lines had been known since April 11, when the leaders of the two groups, after months of conflict, had reached an agreement in principle, called “du Bristol” because it was signed in the famous Parisian hotel.

Antoine Frérot, CEO of Veolia, and Philippe Varin, President of Suez, had given themselves until May 14, to sign the final agreements.

They kept to the deadlines.

Read also: How Veolia managed to get its hands on Suez

The operation will take the form of a takeover bid, at 20.50 euros per share, launched by Veolia on its historical competitor.

The group led by Antoine Frérot will strengthen its position as the world number one in the sector with a turnover of 37 billion euros, a strong activity with local communities and manufacturers and a global presence.

Above all, he will have a striking power in terms of research that will allow him to address

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Source: lefigaro

All business articles on 2021-05-14

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