The board of directors of Suez recommended Tuesday to its shareholders to bring their shares to the public offer of Veolia, at a price of 20.50 euros per share, after an agreement reached between the two groups and aimed in particular at maintaining a Suez independent although less.
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According to the agreement reached in mid-April between the two groups, Veolia will buy the activities of Suez but will have to resell around 40% to a consortium. The latter, made up of the Meridiam and GIP funds, the Caisse des Dépôts and CNP Assurances, submitted a promise to purchase on Tuesday, valuing this “new Suez” at 10.4 billion euros.
