Binding offer approved for merger of Veolia and Suez

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The consortium of Meridiam, GIP, and CDC/CNP Assurances has submitted their final offer to Veolia and SUEZ to purchase the new SUEZ for an enterprise value of EUR10.4 billion (US$12.35 billion). The offer was approved by the Board of Directors of SUEZ and Veolia on June 29, 2021, which enabled Veolia to raise the price of its tender offer for the SUEZ shares not yet held by Veolia to EUR20.5 (US$24.34) per share.

Veolia and SUEZ have therefore filed the revised draft offer document and the draft reply document respectively with the AMF. In accordance with the legal provisions in force, the conclusion of a final agreement with the Consortium concerning the creation of the new SUEZ remains subject to the finalization of the information consultation of SUEZ employees.

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