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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Veolia Environnement    VIE   FR0000124141

VEOLIA ENVIRONNEMENT

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French court rules to block Suez stake's sale to Veolia-unions

10/09/2020 | 09:54am EST

PARIS, Oct 9 (Reuters) - French court ruled on Friday in favour of trade unions seeking to block the sale of a 29.9% stake in Suez to Veolia, unions told Reuters.

The works council of Suez filed last month a lawsuit aimed at suspending larger rival Veolia's bid for the group.

The council said the court had allowed to sue because the works council had not been consulted over the bid, as is required under French law.

(Reporting by Matthieu Protard and Geert De Clercq, editing by Louise Heavens)


© Reuters 2020
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Financials
Sales 2020 25 947 M 31 428 M 31 428 M
Net income 2020 365 M 443 M 443 M
Net Debt 2020 11 191 M 13 555 M 13 555 M
P/E ratio 2020 26,0x
Yield 2020 3,53%
Capitalization 11 172 M 13 497 M 13 531 M
EV / Sales 2020 0,86x
EV / Sales 2021 0,82x
Nbr of Employees 171 212
Free-Float 95,5%
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 21,90 €
Last Close Price 20,16 €
Spread / Highest target 53,3%
Spread / Average Target 8,65%
Spread / Lowest Target -36,3%
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Managers
NameTitle
Antoine Frérot Chairman & Chief Executive Officer
Estelle Karine Brachlianoff Chief Operating Officer
Claude Olivier Francois Laruelle Chief Financial Officer
Christophe Nebon Director-Technical & Performance
Didier Bove CIO, Senior VP-Information Systems & Technology
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