Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Veolia to own 95% of former rival Suez

Published 01/27/2022, 01:27 PM
Updated 01/27/2022, 01:31 PM
© Reuters. FILE PHOTO: The logo of Veolia is seen in Saint-Herblain near Nantes, France, April 12, 2021. REUTERS/Stephane Mahe

(Reuters) - French waste and water management company Veolia said on Thursday that it would own 95.95% of rival Suez' share capital as a result of the cash tender offer, according to Euronext Paris.

Veolia will proceed with a squeeze-out procedure on Suez shares that are not already owned by the group by February 18, the group said in a statement.

© Reuters. FILE PHOTO: The logo of Veolia is seen in Saint-Herblain near Nantes, France, April 12, 2021. REUTERS/Stephane Mahe

At the close of the squeeze-out, Suez shares will be delisted from Euronext Paris and Euronext Brussels, Veolia added.

The group said in January it would reopen the offer to allow shareholders who have not tendered their shares to do so under unchanged conditions.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.