The Suez group denounced Tuesday "unprecedented and irregular conditions", the day after the agreement on the purchase by Veolia of 29.9% of its capital held by Engie, an operation which it continues to consider "hostile".
The Suez group denounces the agreement on the takeover by Veolia of 29.9% of its capital held by Engie.
Monday evening, the board of directors of Engie decided to accept the offer of Veolia and to sell its shares to it, despite the contrary vote of the State, shareholder up to 22% of Engie.
According to sources familiar with the matter, Engie's two CFDT directors did not take part in the vote, while the CGT director would have voted against and the CGC director would have voted in favor of the operation, against the opinion of his federation.
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Create a global giant
Tuesday morning in a press release, Suez said "take note of the takeover by Veolia of 29.9% of its capital, in a" hostile "manner and under" unprecedented and irregular conditions ", without giving any additional details. Improved offer from Veolia, which offers Engie 3.4 billion euros (18 euros per share) for 29.9% of Suez, expired Monday at midnight.
The showdown between the two French flagships of water and waste treatment has stirred the place of Paris since Veolia announced at the end of August its intention to create a global giant by buying most of Engie's stake in Suez , before launching a takeover bid on the remaining shares.
On Monday, the inter-union CFE-CGC, CFDT, CFTC, CGT, FO of the environmental services group Suez had asked the state to "suspend its decision" and "the holding of a parliamentary commission of inquiry "," in order to understand what is happening and especially to avoid in this period of economic crisis and unprecedented Covid, a social massacre endorsed by the Minister of the Economy and the government ".