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France Urges Friendly Resolution to Suez-Veolia Stalemate

France Urges Friendly Resolution to Suez-Veolia Stalemate Bloomberg 18/01/2021 © Bloomberg The headquarters of Suez in Paris. (Bloomberg) The French government reiterated its desire for Suez SA and Veolia Environnement SA to find a “friendly” resolution to their takeover battle. Yet it was unclear whether the companies were ready to end hostilities and begin meaningful talks. The months-long stalemate between Veolia and its takeover target, Suez, was shaken up on Sunday by the emergence of a possible rival offer from two private equity firms. While the new proposal should be a catalyst for the first formal negotiations between the French waste and water giants, the company’s bosses continued to talk past each other on Monday.

Suez Gets Proposal From Ardian, GIP for Friendly Takeover

Jan 19 2021, 12:18 PM January 17 2021, 11:52 PM January 19 2021, 12:18 PM (Bloomberg) (Bloomberg) Two private equity firms waded into the bitter takeover battle between Suez SA and Veolia Environnement SA, but there was little indication that their involvement would break the stalemate. Ardian SAS and Global Infrastructure Partners said Sunday they’re prepared to make a friendly, 11.3 billion-euro ($13.6 billion) offer for French water utility Suez, which is trying to fend off a takeover attempt by arch rival Veolia. Suez said it was ready to discuss the potential private-equity approach with Veolia, though stopped short of ending its months-long refusal to engage with Veolia’s takeover proposal. Veolia countered that it would only discuss its own bid for Suez and had no intention of selling the 29.9% stake it bought in the company in October.

Private Equity Firms Wade Into Suez-Veolia Takeover Stalemate

Private Equity Firms Wade Into Suez-Veolia Takeover Stalemate Bloomberg 1/18/2021 Francois de Beaupuy and Tara Patel © Bloomberg The headquarters of Suez SA and illuminated skyscraper office widows at dawn in the La Defense business district in Paris, France, on Monday, Jan. 4, 2021. France is doing all it can to avoid a third Covid-19 lockdown, which would further hurt an economy already battered by the coronavirus pandemic, according to Budget Minister Olivier Dussopt. (Bloomberg) Two private equity firms waded into the bitter takeover battle between Suez SA and Veolia Environnement SA, but it was unclear whether their entry would lead to a breakthrough or simply entrench the current stalemate.

Veolia will not sell its 29 9% stake in Suez

Veolia Environnement S.A. reiterated on Sunday that its 29.9% stake in Suez was not and will not be for sale after its competitor informed the French wa.

Suez receives Ardian-GIP proposal as it fights off Veolia takeover | Bangladesh Sangbad Sangstha (BSS)

Suez receives Ardian-GIP proposal as it fights off Veolia takeover | Bangladesh Sangbad Sangstha (BSS)
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