The counter finally stopped a little below 90%. According to figures published by the Autorité des marchés financiers (AMF), following the close of the stock market on Friday January 7, the Veolia group now owns 86.22% of its historic rival Suez following its takeover bid. (OPA).
A “high and satisfactory” number of actions
After a battle that began 18 months ago, Veolia is therefore establishing itself as the undisputed master on board the new global giant in water and waste treatment. If the company is pleased with the number of shares brought to the takeover bid, considered “High, and very satisfactory”, however, she announced that she was asking for a reopening of the takeover bid. It will therefore be relaunched, from January 12 to 27, in order to allow late sellers to bring their titles to it.
→ NEWS Veolia will finally get its hands on Suez
The objective of this extension “Under unchanged conditions” is to achieve control of 90% of Suez shares. A bar from which Veolia will be able to achieve its ambition of “Carry out the squeeze-out and the withdrawal from the coast of Suez shares”, thus automatically recovering the remaining titles to ensure 100% control of the company.
Once Suez has been swallowed up, Veolia has undertaken to retrocede around 40% of the assets to a consortium of new buyers, in order to maintain some competition, particularly on the French market. If all goes as planned, Veolia hopes that all operations can be completed by the second half of February.
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