(Bloomberg) -- Suez is ready to enter with Veolia Environnement SA over its takeover bid in order to “swiftly find a negotiated solution” and break the current deadlock after receiving a proposal from the Ardian-GIP consortium that has an enterprise of 15.8 billion euros ($18.8 billion), equivalent to 20 euros per Suez share.
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- Suez says new proposal from Ardian–GIP would enable Veolia and Suez to finalize an agreement in the interest of all the stakeholders and meet objectives set by the French State
- Ardian-GIP offer would create new enetity with French water, waste unit and international assets around water and tech
- Ardian, GIP hope Veolia will see opportunity for friendly offer
- Ardian, GIP offer valid only in case of agreement between Suez and Veolia
- Ardian, GIP consortium could consider full offer if Veolia withdraws bid for Suez
- NOTE: Veolia Tweaks Suez Bid, Says It Can’t Satisfy All Demands (1)
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