Veolia has made an offer to acquire 29.9% of the Suez share held by Engie at €15.50/share, representing a substantial 50% premium. The two companies are similar concerning their activities and complementary in terms of their geographical footprint, and this transaction will almost double Veolia’s exposure to Asia. From Engie’s point of view, this would be a major step forward in its plan to refocus its activities on gas and the development of renewables.
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The Veolia/Suez merger, finally?
- Published:
31 Aug 2020 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
Veolia has made an offer to acquire 29.9% of the Suez share held by Engie at €15.50/share, representing a substantial 50% premium. The two companies are similar concerning their activities and complementary in terms of their geographical footprint, and this transaction will almost double Veolia’s exposure to Asia. From Engie’s point of view, this would be a major step forward in its plan to refocus its activities on gas and the development of renewables.