Veolia: group statement on Suez offer
(CercleFinance.com) - Veolia says that the President of the Commercial Court of Nanterre declares that he does not have jurisdiction to rule on Veolia's tender offer.
"The order of February 8, 2021, issued without debate and prohibiting Veolia from filing a tender offer for Suez, is cancelled. As a result, the proceedings initiated by Suez before the Nanterre Commercial Court in an attempt to prevent Veolia from filing a tender offer and its examination by the French Market Authority (AMF) come to an end," the group said.
"As Suez's action before the Paris Court of Appeal against the AMF's filing notice is not suspensive, Veolia's tender offer is therefore continuing," Veolia's management added.
Antoine Frérot, head of Veolia, said that he would like to present his merger project to all Suez directors in order to initiate a constructive dialogue with them.
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"The order of February 8, 2021, issued without debate and prohibiting Veolia from filing a tender offer for Suez, is cancelled. As a result, the proceedings initiated by Suez before the Nanterre Commercial Court in an attempt to prevent Veolia from filing a tender offer and its examination by the French Market Authority (AMF) come to an end," the group said.
"As Suez's action before the Paris Court of Appeal against the AMF's filing notice is not suspensive, Veolia's tender offer is therefore continuing," Veolia's management added.
Antoine Frérot, head of Veolia, said that he would like to present his merger project to all Suez directors in order to initiate a constructive dialogue with them.
Copyright (c) 2021 CercleFinance.com. All rights reserved.