The team will manage Mirova’s environmental impact investing, which is designed to further the growth of companies that solve sustainability challenges.
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Veolia Nabs Suez With Revised Bid Valuing Target At €15B
Law360 (April 12, 2021, 10:43 AM EDT) Veolia Environnement will buy French water and waste management group Suez at an equity valuation of about €15 billion, the companies said Monday, bringing to an end more than half a year of contentious back and forth between the competitors.
The deal sees Veolia Environnement SA picking up Suez Groupe SAS for €20.50 per share to acquire the stake in Suez it does not already own, which amounts to about 70% of the company, according to a statement. That s up from the original bid lobbed by Veolia late last year, which was worth €15.50 per Suez share. The Suez board of.
Veolia Nabs Suez With Revised Bid Valuing Target At €15B law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
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Suez Inks $1.93B Recycling Biz Sale As Veolia Bid Looms
Law360 (April 6, 2021, 9:46 AM EDT) Suez plans to sell its Australian recycling business to Cleanaway Waste Management for AU$2.52 billion ($1.93 billion), but built in an escape hatch for the divestiture in case Veolia Environnement s bid to take over Suez proves successful, according to a Tuesday statement.
The agreement calls for Melbourne-based Cleanaway Waste Management Ltd. to pick up Suez Recycling & Recovery Pty. Ltd. from French water and waste management group Suez Groupe SAS, according to a statement from Cleanaway.
Mark Chellew, executive chairman of Cleanaway, said that the acquisition will deliver superior scale and increased operating leverage.