Suez: suspension of Veolia sale confirmed on appeal
(CercleFinance.com) - Suez today announces that the Paris Court of Appeal has confirmed "that all the effects of Engie's sale of its 29.
9% stake in SUEZ to Veolia remain suspended until the completion of the information consultation of the SUEZ employee representatives".
Suez says that the Paris Court of Appeal has therefore confirmed, in every aspect, the Court order of 9 October 2020
"In any event, upon completion of this information consultation, Veolia will remain deprived from its voting rights until the end of the review by the European antitrust authority (unless authorized by the latter)," Suez continues.
Again citing the Court of Appeal, Veolia's acquisition of Engie's 29.9% stake in SUEZ shares on October 5, 2020 has serious consequences on SUEZ's organization as well as its employees' working conditions.
At just after 3 pm on Thursday, the shares' respective performances are approximately: Suez (-0.2%), Engie (-0.4%), Veolia (-1.3%), with the CAC 40 down 0.7%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
9% stake in SUEZ to Veolia remain suspended until the completion of the information consultation of the SUEZ employee representatives".
Suez says that the Paris Court of Appeal has therefore confirmed, in every aspect, the Court order of 9 October 2020
"In any event, upon completion of this information consultation, Veolia will remain deprived from its voting rights until the end of the review by the European antitrust authority (unless authorized by the latter)," Suez continues.
Again citing the Court of Appeal, Veolia's acquisition of Engie's 29.9% stake in SUEZ shares on October 5, 2020 has serious consequences on SUEZ's organization as well as its employees' working conditions.
At just after 3 pm on Thursday, the shares' respective performances are approximately: Suez (-0.2%), Engie (-0.4%), Veolia (-1.3%), with the CAC 40 down 0.7%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.