Suez: agrees, in principle to merge with Suez

(CercleFinance.com) - Veolia and Suez announce that yesterday evening their respective Boards of Directors reached an agreement in principle on the main terms and conditions of their merger.


The companies have agreed on a price of 20.50 euros per Suez share (cum dividend), conditional on the conclusion of the merger agreement.

The agreement would enable the creation of a new Suez made up of assets forming a coherent and sustainable group from an industrial and social point of view, which also benefits from real growth potential, with sales of around 7 billion euros, the group said.

Clearly talk of the town on Monday, in the first hour of trading, the Veolia share was up almost 6%, while Suez was definitely not stuck in a canal, steaming ahead over 7%.


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