PARIS (Agefi-Dow Jones) – The utility group Veolia holds 86.22% of the capital of Suez following its takeover bid which ended on Friday, announced the Autorité des marchés financiers financial (AMF).
“Veolia Environnement thus being able to hold more than 50% of the capital and voting rights of Suez following the offer, the condition required pursuant to article 231-9 I of the general regulations is Satisfied. The offer initiated by the company Veolia Environnement therefore has a positive result, “said the AMF in a press release.
The AMF will publish the final results of the offer “at the end of the final verification work, no later than January 10, 2022”, the authority said.
Veolia launched its offensive on Suez in the summer of 2020 by negotiating the buyout of Engie’s stake in the capital of its rival. After several months of struggle, the two French heavyweights in water and waste management had entered into a merger agreement providing for the buyout of Suez by Veolia at a price of 20.5 euros per share, coupon attached.
Veolia’s public takeover bid for Suez opened on July 29, 2021. It aims to create a “world champion of ecological transformation” generating an annual turnover of nearly 37 billion euros.
The agreement also provides for the creation of a “new Suez”, competitor of Veolia, whose turnover would amount to around 7 billion euros and whose assets will be sold to a consortium of investors made up of Meridiam. , GIP and CDC-CNP Assurances. This sale is scheduled for the end of January.
Veolia has obtained almost all of the necessary authorizations for this merger, including that of the European Commission in mid-December. The only thing missing is the approval of the British Competition and Markets Authority (CMA), which last month opened an in-depth investigation into the merger.
-François Schott and Valérie Venck, Agefi-Dow Jones; 01 41 27 17 92; [email protected] ed: ECH
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January 07, 2022 12:41 ET (17:41 GMT)