Result of Veolia's Reopened Tender Offer for Suez Shares and Mandatory Squeeze-Out Procedure

Rhea-AI Summary

The French Autorité des marchés financiers has announced the provisional results of Veolia's cash tender offer for Suez, securing 95.95% ownership of Suez's shares. Following the final results, a mandatory squeeze-out of remaining shares will occur by February 18, 2022. Shareholders not already owned by Veolia will receive €19.85 per share. Consequently, Suez shares will be delisted from Euronext Paris and Euronext Brussels on the implementation date of the squeeze-out.

Positive

• Veolia will own 95.95% of Suez shares, enhancing its market position.
• Mandatory squeeze-out procedure will increase shareholder control.
• Compensation of €19.85 per Suez share provides value to shareholders.

Negative

• Suez shares will be delisted, limiting future trading options.
• Potential for reduced liquidity post-squeeze-out for remaining shareholders.

PARIS--(BUSINESS WIRE)-- Regulatory News:

The French Autorité des marchés financiers (AMF) has published today the provisional result of the cash tender offer initiated by Veolia (Paris:VIE) for the shares of Suez. Based on the information provided by Euronext Paris, Veolia will own 613 682 445 Suez shares representing 95.95 % of the share capital and voting rights of Suez based on the total number of shares outstanding as of November 30, 2021.

In accordance with the articles n°237-1 and the followings of AMF's general regulations, as soon as the final results are published, Veolia will proceed with a mandatory squeeze-out procedure on Suez shares that are not already owned by Veolia by February 18, 2022.

The compensation paid to remaining shareholders shall be equal to the price of the tender offer, ie € 19.85 per Suez share (coupon attached).

Suez shares shall be delisted from Euronext Paris and Euronext Brussels at the close of the date of implementation of the mandatory squeeze-out.

Veolia's offer document, as approved by the AMF on July 20, 2021 under visa no. 21-338, is available on the respective websites of the AMF (www.amf-france.org) and Veolia (www.veolia.com), and may also be obtained free of charge on request from Veolia (21, rue La Boétie, 75008 Paris, France).

...

Veolia Group aims to become the benchmark company for ecological transformation. Present on five continents with nearly 179,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2020, the Veolia group served 95 million inhabitants with drinking water and 62 million with sanitation, produced nearly 43 million megawatt hours and recycled 47 million tonnes of waste. Veolia Environment (Paris Euronext: VIE) achieved consolidated sales of 26.010 billion euros in 2020. www.veolia.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005946/en/

Group Press Relations

Laurent Obadia - Evgeniya Mazalova

Emilie Dupas

Tel + 33 (0) 1 85 57 86 25/ 33 33

presse.groupe@veolia.com



Investors & Analyst Relations

Ronald Wasylec - Ariane de Lamaze

Tel + 33 (0)1 85 57 84 76 / 84 80

investor-relations@veolia.com

Source: Veolia

FAQ

What are the results of Veolia's cash tender offer for Suez shares?

Veolia has secured ownership of 95.95% of Suez shares.

When will the mandatory squeeze-out for Suez shares occur?

The mandatory squeeze-out is scheduled for February 18, 2022.

What compensation will Suez shareholders receive during the squeeze-out?

Shareholders will receive €19.85 per Suez share.

What happens to Suez shares after the squeeze-out process?

Suez shares will be delisted from Euronext Paris and Euronext Brussels.

What is the significance of the AMF's announcement regarding Veolia and Suez?

The announcement signifies Veolia's increased control over Suez, enhancing its market position.