The Veolia group announced on Sunday evening to file a purchase offer on the 70.1% of the capital of Suez that it does not hold, giving up obtaining the agreement of the board of directors of its competitor who "multiplied the actions intended to obstruct his "friendly buyout" proposal, he said.
Veolia is taking action.
Considering that "Veolia's corporate interest and good market information deserve clarification in the face of ambiguous maneuvers and declarations by Suez, Ardian and GIP", the board of directors of the water and waste champion has decided to "a public takeover bid in cash at the price of 18 euros", explains the giant in a press release published on Sunday evening.
An offer without the agreement of the Suez Board of Directors
This purchase offer made by Veolia relates to the 70.1% of the capital of Suez that it does not hold.
Veolia in fact already bought 29.9% of Suez's capital in October.
This decision means that the group renounces to obtain the agreement of the board of directors of its competitor who "multiplied the actions intended to obstruct his proposal" of friendly takeover, he considers.
>> More information to follow.