Combination agreement signed by Veolia and Suez

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Veolia and SUEZ have signed a Combination Agreement, which enables Veolia to acquire the strategic assets needed to pursue its goal in ecological transformation while guaranteeing a coherent and sustainable industrial and social footprint for the new SUEZ. In addition, the agreement reiterates the social commitments made by Veolia and confirms that the acquisition price per share of the SUEZ Group will be raised to EUR20.50 (US$25).

A Memorandum of Understanding has also been signed between SUEZ, Veolia, and the Consortium of investors composed of Meridiam–GIP–CDC/CNP with a view to creating a new SUEZ. With revenues of nearly EUR7 billion (US$ 8.50 billion), it will comprise SUEZ’s Water and Recycling & Recovery businesses as well as international assets. The agreement provides a framework for the negotiation of the final terms of the agreement to be concluded between SUEZ, Veolia and the Consortium on the basis of the offer submitted by the Consortium. 

At the same time as the closing of Veolia’s public offer, GIP and Meridiam, each with a 40% stake, and the Caisse des Dépôts et Consignations Group (including CNP Assurances), with a 20% stake, would become shareholders of the new SUEZ. 

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