Veolia: Suez board unanimously rejects its project
(CercleFinance.com) - Suez has announced that its board of directors has unanimously concluded that "the hostile approach, announced by its competitor Veolia on August 30th 2020, is against the best interests of SUEZ and all its stakeholders".
In particular, the Board considers that the overall structure proposed by Veolia is questionable, that the project raises significant competition and regulatory issues, and that it "ignores major execution risks and dissynergies".
The Board therefore fully supports the management team in the implementation of the acceleration of the Suez 2030 plan and in its search for an alternative solution to that proposed by Veolia.
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In particular, the Board considers that the overall structure proposed by Veolia is questionable, that the project raises significant competition and regulatory issues, and that it "ignores major execution risks and dissynergies".
The Board therefore fully supports the management team in the implementation of the acceleration of the Suez 2030 plan and in its search for an alternative solution to that proposed by Veolia.
Copyright (c) 2020 CercleFinance.com. All rights reserved.