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    Home»Acquisitions»Suez board rejects Veolia’s takeover offer
    Acquisitions

    Suez board rejects Veolia’s takeover offer

    February 27, 20211 Min Read
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    French waste and water management firm Suez said on Friday its board had unanimously rejected Veolia’s offer of 18 euros per share, formalising opposition to a bid after months of wrangling between the rivals.

    Veolia has argued its bid, which values Suez at 11.3 billion euros ($13.7 billion), would help create a global champion to take on rivals emerging in China and help develop new areas of recycling to respond to environmental concerns.

    Veolia bought a 29.9% stake in Suez last October as a prelude to launching a full takeover offer, which it tabled earlier in February.

    Read more at Reuters

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