On Tuesday, July 20, 2021, the French Stock Exchange Authority (AMF) declared the public tender offer for the shares of Suez filed by Veolia on June 30, 2021 to be compliant and approved the draft offer document.
Veolia's offer document and Suez's reply document are now available on the Veolia and Suez respective websites. The offer will be formally opened in the next few days, after the AMF has published its notice of opening.
Following this announcement, Antoine Frérot stated: "As Veolia's takeover bid for Suez will be opened to Suez shareholders in the very near future, the project to build the world champion of ecological transformation is moving closer to its conclusion. The price offered by Veolia, now €19.85 per share (with coupon attached) (after detachment of the €0.65 coupon on July 6, 2021, corresponding to a total of €20.50 per share as announced on April 12, 2021), values Suez remarkably well. The industrial project defended by our Group represents a unique opportunity for France and for Europe to lead in the most buoyant sector of the moment: that of ecological transformation. I therefore invite all Suez shareholders to make their contribution to this project by contributing their shares to our offer”.
The authorization procedures of the relevant competition authorities, which are the last major step to be taken before the acquisition of Suez by Veolia, are proceeding according to the announced schedule.