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Veolia Environnement: Success of the Consent Solicitation to Vigie (former Suez) Noteholders
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Veolia Environnement has successfully completed a consent solicitation for the merger with Vigie, formerly known as Suez. The approval came during general meetings of noteholders on September 15 and October 6, 2022. This merger marks a significant step in Veolia's acquisition process initiated in 2021 and culminates in a completed merger by October 31, 2022. The merger is seen as a crucial move to establish Veolia as a leader in ecological transformation, supported by its comprehensive services in water, waste, and energy management, which served 79 million and 61 million people respectively in 2021.
Positive
Successful consent solicitation indicating market support for the merger with Suez.
Completion of merger expected by October 31, 2022, enhancing Veolia's market position.
Veolia aims to be a leader in ecological transformation, aligning with global sustainability trends.
Negative
None.
PARIS--(BUSINESS WIRE)--
Regulatory News:
In the process of the merger of Vigie (formerly known as Suez) into Veolia Environnement (Paris:VIE) (press release dated August 3, 2022), the holders of 14 series of Notes issued by Vigie were invited to consent to the merger and, for certain series of Notes only, to certain amendments to their terms and conditions.
The general meetings of the noteholders were held on September 15, 2022 and October 6,2022 and approved all the proposed resolutions.
The success of this consent solicitation is a new signal of the long lasting support of the market to the acquisition of the former Suez by Veolia initiated in 2021 and concluded with the successful tender offer on Suez shares in January 2022, creating the World Champion of Ecological Transformation.
The final completion of the merger is scheduled for October 31, 2022.
Veolia group aims to be the benchmark company for ecological transformation. In 2022, with nearly 220,000 employees worldwide, the Group designs and provides game-changing solutions that are both useful and practical for water, waste and energy management. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and replenish them. In 2021, the Veolia group supplied 79 million people with drinking water and 61 million people with wastewater service, produced nearly 48 million megawatt hours of energy and treated 48 million metric tons of waste. Veolia Environnement (Paris Euronext: VIE) generated consolidated revenue of €28.508 billion in 2021. www.veolia.com
What is the latest update on the Veolia and Suez merger?
The latest update indicates that Veolia successfully completed a consent solicitation for its merger with Suez, with approvals from noteholders on September 15 and October 6, 2022.
When is the completion date for Veolia's merger with Suez?
The final completion of the merger between Veolia and Suez is scheduled for October 31, 2022.
How does the merger affect Veolia's market position?
The merger is expected to strengthen Veolia's position as a leader in ecological transformation, enhancing its capabilities in water, waste, and energy management.
What services does Veolia provide?
Veolia provides essential services in water, waste, and energy management, serving millions globally, including 79 million for drinking water in 2021.
