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Suez promises to fight Veolia's €11 billion merger proposal

  • Suez promises to fight Veolia's €11 billion merger proposal
    Image: Suez Twitter account

About the entity

As an expert in water and waste for 150 years that is present on the 5 continents, SUEZ harnesses all its capacity for innovation to work for the efficient and sustainable management of resources.
Schneider Electric

SUEZ takes note of the purchase by Veolia of 29.9% of its capital in a hostile manner and under unprecedented and irregular conditions.

The Group confirms that it will use all the means at its disposal to protect the interests of its employees, its clients and all its stakeholders, in particular to ensure equal and fair treatment of all its shareholders and avoid a creeping takeover or de facto control.

Veolia said on Monday it would release its tender offer at 18 euros a share, the same price it offered Engie for the 29.9% stake, in a deal that would value Suez at 11.2 billion euros ($13.20 billion).

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