Suez: firm offer from Ardian-GIP consortium
(CercleFinance.com) - Suez said on Sunday that its board of directors has received and accepted a firm and binding offer from the Ardian-GIP consortium to create a new entity whose outlines are close to those proposed during mediation by the French State.
The offer received provides for the acquisition, by the consortium, of several activities comprising all of the French "water" and "recycling and recovery" activities, plus several international "water and technology" activities.
The price proposed for all the businesses concerned represents an enterprise value of 15.8 billion euros, equivalent to a valuation of 20 euros per share. On this basis, Suez said it was ready to enter into negotiations with Veolia from today.
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The offer received provides for the acquisition, by the consortium, of several activities comprising all of the French "water" and "recycling and recovery" activities, plus several international "water and technology" activities.
The price proposed for all the businesses concerned represents an enterprise value of 15.8 billion euros, equivalent to a valuation of 20 euros per share. On this basis, Suez said it was ready to enter into negotiations with Veolia from today.
Copyright (c) 2021 CercleFinance.com. All rights reserved.