Veolia: challenges Suez-Cleanaway agreement
(CercleFinance.com) - Veolia is disputing the agreement that Suez signed with Cleanaway for the sale of waste activities in Australia, a sale deemed "clearly incompatible with the objective allegedly sought by Suez of increasing the value of the company and reaching an agreement quickly" with it.
"It constitutes an additional obstacle to the realization of the offer supported by Veolia, aggravating a defense mechanism that has been deemed contrary to the rules and guidelines applicable to public offers by the AMF", the group said.
Veolia "continues to use all legal means to prevent the sale of these strategic assets and, if necessary, to have them cancelled" and "reserves the right to request a management assessment of this agreement".
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"It constitutes an additional obstacle to the realization of the offer supported by Veolia, aggravating a defense mechanism that has been deemed contrary to the rules and guidelines applicable to public offers by the AMF", the group said.
Veolia "continues to use all legal means to prevent the sale of these strategic assets and, if necessary, to have them cancelled" and "reserves the right to request a management assessment of this agreement".
Copyright (c) 2021 CercleFinance.com. All rights reserved.