According to last month’s agreement, Veolia will buy most of Suez for almost 13 billion euros (approximately 330 billion CZK). Veolia already owns a 29.9 percent stake in Suez, Reuters reported. “This agreement is a huge leap for Veolia,” said Veolia boss Antoine Frérot.
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Suez has long rejected a takeover bid from Veolia, considering it inadequate. Veolia sought smaller Suez with the argument that together they will do better in the fight against new companies in the market, especially the Chinese ones.
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Veolia employs almost 180,000 people worldwide. In the Czech Republic, Veolia Energie ČR and its subsidiaries operate in the Moravian-Silesian, Olomouc, South Bohemian, Plzeň, Karlovy Vary, Ústí nad Labem, Liberec and Central Bohemian regions, as well as in Prague. The company has about 1,600 employees.
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Suez has shares in, for example, some water companies in Moravia.
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