Veolia and Suez announced on Monday April 12 that they had reached an agreement in principle on Sunday evening on the main terms and conditions of the merger between the two groups.
The two groups notably agreed on a Buying price of 20.50 euros per Suez share. Veolia initially offered 18 euros, an amount deemed insufficient by its rival.
Towards the creation of a global giant
This merger should allow the constitution of a “World champion of ecological transformation”, with turnover of around 37 billion euros, according to a statement from Veolia. Suez and Veolia shares respectively take 6.8% and 4.3% after the announcement of this agreement.
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