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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Suez SA    SEV   FR0010613471

SUEZ SA

(SEV)
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Delayed Quote. Delayed Euronext Paris - 10/30 12:35:56 pm
15.72 EUR   +2.08%
10/28SUEZ : Présentation résultats trimestriels Q3 2020 (en anglais)
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10/28SUEZ : Icon News Q3 2020 Financial results
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10/28SUEZ : Q3 2020 Press release
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Suez boss says Veolia's offer 'disastrous' for France

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09/06/2020 | 01:56pm EDT
Euronext stock exchange's annual conference in Paris

The head of Suez dismissed an offer by water and waste management rival Veolia to buy a stake as "disastrous" for France.

Last Sunday Veolia offered 2.9 billion euros ($3.4 billion), or 15.50 euros per share, to buy a 29.9 per cent stake in Suez from electric utility Engie.

Suez CEO Bertrand Camus told French daily Le Figaro this was an "opportunistic financial operation", which undervalued Suez assets and "underestimates competition issues and execution risk".

"Veolia is not proposing an industrial project. It proposes to dismantle 40% of our business in France," Camus said, as he warned of hefty job cuts if the deal went through.

"Suez does not need to marry. We are already the world leader of water distribution, suppplying 145 million households," he said.

Veolia has argued that although the water distribution sector is very fragmented, the deal would create a global French champion well placed to see off emerging competition from China.

Suez was also working on alternative scenarios regarding the purchase of Engie's stake, Camus added.

Earlier on Sunday Finance Minister Bruno Le Maire said the French state will look with "fairness" at Veolia's offer for Engie's stake in Suez as well as at any other offer that could emerge.

It was paramount that jobs in France be preserved in any deal, that the future majority shareholder be French, and that the valuation of the future deal be "satisfactory" for the French state, which has a stake in Engie, Le Maire had said.

The blessing of the French government is key for any deal as the state holds a 23.6% in Engie.

(Reporting by Dominique Vidalon; Editing by Angus MacSwan)


Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE 1.34% 9.968 Real-time Quote.0.40%
ENGIE 1.12% 10.385 Real-time Quote.-27.88%
PARAMOUNT CORPORATION -1.39% 0.71 End-of-day quote.-41.80%
SUEZ SA 2.08% 15.72 Real-time Quote.16.57%
VEOLIA ENVIRONNEMENT 0.88% 15.99 Real-time Quote.-32.56%
WASTE MANAGEMENT 0.33% 107.91 Delayed Quote.-5.31%
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Financials
Sales 2020 17 254 M 20 093 M 20 093 M
Net income 2020 -473 M -550 M -550 M
Net Debt 2020 9 382 M 10 925 M 10 925 M
P/E ratio 2020 -20,7x
Yield 2020 4,13%
Capitalization 9 827 M 11 452 M 11 444 M
EV / Sales 2020 1,11x
EV / Sales 2021 1,17x
Nbr of Employees 81 689
Free-Float 52,3%
Chart SUEZ SA
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Suez SA Technical Analysis Chart | MarketScreener
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Technical analysis trends SUEZ SA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 10
Average target price 12,47 €
Last Close Price 15,72 €
Spread / Highest target 8,14%
Spread / Average Target -20,7%
Spread / Lowest Target -42,7%
EPS Revisions
Managers
NameTitle
Bertrand Camus Chief Executive Officer
Philippe Varin Chairman
Jean-Marc Boursier Chief Operating Officer
Julian David Waldron Chief Financial Officer
Paul-JoŽl Derian Group Scientific & Technology Director
Sector and Competitors
1st jan.Capitalization (M$)
SUEZ SA16.57%11 452
WASTE CONNECTIONS, INC.9.40%25 967
CHINA CONCH VENTURE HOLDINGS LIMITED1.32%8 017
STERICYCLE-2.37%5 699
PENNON GROUP PLC-3.16%5 418
CLEANAWAY WASTE MANAGEMENT LIMITED1.99%2 969