Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

VEOLIA ENVIRONNEMENT

(VIE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Veolia Appeals Court Order Suspending Its Acquisition of Stake in Suez

10/09/2020 | 01:01pm EST

By Joshua Kirby

Veolia Environnement SA said Friday that it is appealing a court order mandating the suspension of the operation to buy a 29.9% stake in Suez SA from Engie SA and a subsequent takeover bid.

The decision by the Paris court has no legal basis and doesn't call into question the purchase of the shares acquired by Veolia in Suez, the French resource-management company said.

The court ordered the suspension earlier Friday, citing the fact that Suez's social and economic committees hadn't been consulted over the deal, Agence France-Presse reported.

"This decision is also particularly incomprehensible as only the management of Suez is competent to organize an information-consultation of its Employee Works Council. This is a reality that cannot escape anyone. Suez has not initiated an information-consultation procedure vis-à-vis its employee representative bodies since its management is opposed to the project. Bringing responsibility for the failure to organize such a consultation to Veolia is therefore perfectly grotesque since the group clearly did not have this power," Veolia said in a statement.

Write to Joshua Kirby at joshua.kirby@dowjones.com

(END) Dow Jones Newswires

10-09-20 1300ET

Stocks mentioned in the article
ChangeLast1st jan.
ENGIE -0.04% 12.52 Real-time Quote.-13.06%
SUEZ SA -0.15% 16.175 Real-time Quote.19.95%
VEOLIA ENVIRONNEMENT 0.46% 19.795 Real-time Quote.-16.51%
All news about VEOLIA ENVIRONNEMENT
11/27Veolia's Suez Stake Acquisition Explained
DJ
11/26Bailiffs Seize Documents From Veolia, Engie as Suez Seeks Deal Transparency
DJ
11/19VEOLIA ENVIRONNEMENT : The President of the Nanterre Commercial Court Forbids th..
BU
11/19VEOLIA ENVIRONNEMENT : The President of the Nanterre Commercial Court forbids th..
PU
11/19Suez Says Court Ruling Confirms Suspension of Effects of Veolia Stake Purchas..
DJ
11/19VEOLIA : Will Recover All of Its Rights No Later Than February 5, 2021
BU
11/17VEOLIA : North America Acquires Boston-Based Meter-Reading Company
BU
11/13Ardian, Antin Still Interested in Suez; No Offer Yet
DJ
11/05VEOLIA ENVIRONNEMENT : announces third quarter results above expectations dévoil..
PU
11/05VEOLIA ENVIRONNEMENT : Key figures for the nine months ended september 30, 2020
PU
More news
Financials
Sales 2020 26 022 M 31 130 M 31 130 M
Net income 2020 343 M 410 M 410 M
Net Debt 2020 11 569 M 13 840 M 13 840 M
P/E ratio 2020 27,4x
Yield 2020 3,60%
Capitalization 10 970 M 13 115 M 13 123 M
EV / Sales 2020 0,87x
EV / Sales 2021 0,81x
Nbr of Employees 171 212
Free-Float 95,5%
Chart VEOLIA ENVIRONNEMENT
Duration : Period :
Veolia Environnement Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VEOLIA ENVIRONNEMENT
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 21,90 €
Last Close Price 19,80 €
Spread / Highest target 56,1%
Spread / Average Target 10,7%
Spread / Lowest Target -35,1%
EPS Revisions
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