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Bertille Bayart: "Suez and the reason of state"

2020-09-07T17:39:14.117Z


CHRONICLE - Should Suez surrender to Veolia? Its management is looking for the alternative. Quite a challenge.


"Operation sonata."

Better not to trust this code name, deceptively reassuring.

The offensive launched by Veolia on its competitor Suez is both Blitzkrieg and poliorcetic.

On August 30, Veolia unveiled a three-step project.

One, Antoine Frérot's group submitted to Engie an offer to buy its 29.9% of Suez for 3 billion euros, valid for one month.

Two, Veolia promises a takeover bid on the rest of the capital.

Three, Antoine Frérot announces at the end of the creation of a

“French super champion of ecological transformation”

.

In principle, the state waits to see how the tide turns to fly to the rescue of victory.

An expert

“French champion”… this phrase, however heavily overused, continues to exert an apparently irresistible seduction.

Veolia was barely out of the woods when the Prime Minister awarded Antoine Frérot the best certificate of good repute, calling him a

“patriotic”

boss

.

Three days later, Jean Castex, during the hypermedia press conference devoted to the recovery plan, insisted, believing that the project

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Source: lefigaro

All news articles on 2020-09-07

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