EU antitrust regulators have rejected a request made by Suez to declare illegal Veolia's purchase of a 29.9% stake in the French water and waste management company, a European Commission filing showed on Wednesday.
French water and waste management firm Suez has the means to develop independently, chairwoman of investment firm Ardian Dominique Senequier told a hearing at the French Senate about Veolia's hostile bid for its smaller rival.
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DUBAI, Feb 15 (Reuters) - Dubai-listed National Central Cooling Co (Tabreed) is interested in acquiring the district cooling unit that serves Dubai International Airport, Tabreed Chief Executive Bader Al Lamki said on Monday.
Tabreed has been on a shopping spree during the COVID-19 pandemic, snapping up assets in locations such as Abu Dhabi’s Saadiyat Island, home to a Louvre museum. It also acquired an 80% stake in Dubai developer Emaar’s downtown district cooling business for 2.48 billion dirhams ($675 million).
“Dubai (international) airport has been in the market. We are looking at it. We will see how it goes,” Al Lamki told Reuters in an interview.
France's Veolia Environment said on Sunday it was launching an offer for all of Suez, valuing the group at 11.3 billion euros ($13.6 billion), after dropping efforts to win the backing of the waste and water management company's board.
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PARIS, Feb 8 (Reuters) - French waste and water management firm Veolia vowed on Monday to press ahead with its bid for smaller rival Suez despite new legal hurdles and a government warning over the increasingly hostile takeover battle.
The standoff between the two historic competitors and heirs to 19th century water companies that have become global firms has descended into a series of tit-for-tat manoeuvres as Suez tries to fend off Veolia.
Veolia, which has argued that merging would better equip the companies to face rivals emerging in China, upped the ante again on Sunday after rowing back on a pledge to only make a move with a green light from the Suez board.