An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Success of Veolia's Friendly Tender Offer for Suez Shares
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
The French Autorité des marchés financiers (AMF) has announced that Veolia has acquired 551,451,261 shares of Suez, representing 86.22% of its capital as of November 30, 2021. A final result will be disclosed on January 10, 2022. Veolia plans to reopen the offer from January 12 to January 27, 2022 for shareholders who haven't tendered their shares. If minority shareholders retain less than 10% of Suez’s capital after the reopening, Veolia intends to proceed with a squeeze-out and delisting of Suez shares.
Positive
Veolia acquired 86.22% of Suez shares, strengthening its market position.
The reopening of the offer provides an opportunity for additional shareholders to tender their shares.
Negative
Potential squeeze-out of minority shareholders if they hold less than 10% after the reopening.
PARIS--(BUSINESS WIRE)--
Regulatory News:
The French Autorité des marchés financiers (AMF) has published today the provisional results of the cash tender offer initiated by Veolia (Paris:VIE) for the shares of Suez. Based on the information provided by Euronext Paris today, Veolia would own 551 451 261 Suez shares representing 86.22 % of the share capital and voting rights of Suez based on the total number of shares outstanding as of November 30, 2021. The final result will be announced on Monday, January 10, 2022.
In accordance with the AMF's general regulations, Veolia will request the reopening of the offer for a period expected to run from January 12 to January 27, 2022 (inclusive). This reopening will allow shareholders who have not tendered their shares to do so under unchanged conditions.
Veolia also confirms its intention to proceed with the squeeze-out and delisting of Suez shares in the event that the number of shares not tendered to the offer by minority Suez shareholders does not represent, at the end of the reopened offer, more than 10% of the capital and voting rights of Suez.
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
Investors & Analyst Relations
Ronald Wasylec - Ariane de Lamaze Tel + 33 (0)1 85 57 84 76 / 84 80 investor-relations@veolia.com
Source: Veolia Environment
FAQ
What are the provisional results of Veolia's tender offer for Suez shares?
Veolia has acquired 551,451,261 Suez shares, representing 86.22% of the total share capital as reported by the AMF.
When will the final results of the Veolia-Suez tender offer be announced?
The final results are expected to be announced on January 10, 2022.
What is the timeline for the reopening of Veolia's tender offer?
Veolia plans to reopen the tender offer from January 12 to January 27, 2022.
What happens if minority shareholders do not tender their Suez shares?
If minority shareholders hold less than 10% of Suez's capital after the reopening, Veolia intends to proceed with a squeeze-out and delisting of Suez shares.
