The merger of the two major players in water distribution and waste management was initiated eighteen months ago.

Veolia is finally preparing to take control of its rival Suez, creating a juggernaut in the sector.

“The company Veolia Environnement is able to hold 551,451,261 Suez shares representing as many voting rights, or 86.22% of the capital and voting rights of this company,” indicates the Autorité des Marchés Financiers.

An important detail, because by reaching 90%, Veolia could claim a "squeeze-out" for the last securities that it does not yet hold.

But below 90%, it is possible that he opts for a reopening of the takeover bid.

However, this is only a provisional result, the final result having to be known "by January 10 at the latest", specifies the AMF.

Suez shareholders had until Friday evening to bring their shares to Veolia.

“On January 7, 2022, the final date set for the filing by financial intermediaries of the orders presented to the public tender offer initiated by the company Veolia Environnement for the shares of the company Suez, it received on deposit 363,641 .261 Suez shares ”, it is specified.

The takeover bid initiated by Veolia therefore has a “positive outcome” concludes the AMF.

Justice

Takeover of Suez by Veolia: the PNF investigates suspicions of influence peddling

Economy

Suez and Veolia signed "a definitive merger agreement"

  • Takeover bid

  • Suez

  • Water

  • Waste

  • stock Exchange

  • Veolia

  • Economy

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