Last night Veolia announced its intention to offer Engie €2.9bn to acquire 29.9% of Suez capital. Engie owns 32% of Suez. The offer represents a 27% premium on Suez's Friday close share price valuation. Veolia will finance this operation with cash. The company had c.€8bn of cash and cash equivalents on its balance sheet at the end of June 2020. The unsolicited offer, if accepted, is considered to be the first step to fully acquire Suez - Veolia also announced its wish to launch a voluntary t...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.