waste business

veolia suez

After Months Of Confrontation, Veolia Will Launch A Takeover Bid For Suez, Creating A Group With Revenues Of €37 Bn

Alphavalue | The boards of Veolia Environment and Suez have reached an agreement on the companies’ merger. After months of confrontation, Veolia will launch a takeover bid for Suez. In a statement, the two firms said the price of the bid will be 20.5 €/share, valuing Suez at 12.9 billion euros. This is an improvement of 13.9% on the 18 €/share that Veolia had proposed up until now and which was one of the main blocking points for the deal. Suez had set a price of €22/share as a condition.