Following six months of discussions, Veolia has made an offer that will allow Suez to maintain its water and waste activities in France within the same single entity.
Veolia offered a public takeover bid for its rival Suez in November 2020, following an unsolicited takeover bid that offered €2.9 billion ($3.45 billion) to Engie for a 29.9 percent stake in Suez in September. Later in the month, Engie declined the offer, saying it was too low. Then in October, the deal went through at a price of €18 ($21) per share.
In a March 11 statement, Meridiam, an infrastructure fund managed by Veolia, confirmed its interest in acquiring the French utility company, which could naturally continue to operate under the Suez brand. Veolia is holding the offer at the original bid price of €18 ($21) per share.
Meridiam said it is ready to
