Veolia Environnement : The French Stock Exchange Authority (AMF) declares Veolia's proposed takeover bid for Suez compliant
July 20, 2021 at 11:46 am EDT
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Press release: Paris, July 20, 2021. (90.92 KB)
The project to build the world champion of ecological transformation is entering a decisive phase.
On Tuesday, July 20, 2021, the AMF declared the public tender offer for the shares of Suez filed by Veolia on June 30, 2021 to be compliant and approved the draft offer document.
Veolia's offer document and Suez's reply document are now available on the Veolia and Suez respective websites. The offer will be formally opened in the next few days, after the AMF has published its notice of opening.
Following this announcement, Antoine Frérot stated: 'As Veolia's takeover bid for Suez will be opened to Suez shareholders in the very near future, the project to build the world champion of ecological transformation is moving closer to its conclusion. The price offered by Veolia of €20.50 per share (coupon attached) is a remarkably good value for Suez. The industrial project defended by our Group represents a unique opportunity for France and for Europe to lead in the most buoyant sector of the moment: that of ecological transformation. I therefore invite all Suez shareholders to make their contribution to this project by contributing their shares to our offer'.
The authorization procedures of the relevant competition authorities, which are the last major step to be taken before the acquisition of Suez by Veolia, are proceeding according to the announced schedule.
Veolia group aims to be the benchmark company for ecological transformation. With nearly 179,000 employees worldwide, the Group designs and provides game-changing solutions that are both useful and practical for water, waste and energy management. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and replenish them. In 2020, the Veolia group supplied 95 million people with drinking water and 62 million people with wastewater service, produced nearly 43 million megawatt hours of energy and treated 47 million metric tons of waste. Veolia Environnement (listed on Paris Euronext: VIE) recorded consolidated revenue of €26.010 billion in 2020. www.veolia.com
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Veolia Group Media Relations
Laurent Obadia - Edouard de La Loyère
Tel.+ 33 1 85 57 85 23 [email protected]
Analysts & Investors
Ronald Wasylec - Ariane de Lamaze
Tél. 01 85 57 84 76 / 84 80 [email protected]
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Veolia Environnement SA published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2021 15:45:03 UTC.
Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (40.6%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (32.4%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (27%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (21.5%), Europe (41.9%), North America (7.4%), Asia (5.6%), Africa and the Middle East (4.9%), Pacific (4.3%), Latin America (4%) and other (10.4%).