Veolia and Suez announced that they have signed a Combination Agreement


Veolia and Suez signed their combination agreement

Friday, May 11, Veolia and Suez announced that they have signed a Combination Agreement, confirming the terms of the agreement in principle to merge concluded on 11 April, following approval by their respective Boards of Directors. 

This agreement: 
•    enables Veolia to acquire the strategic assets needed to pursue its goal of building a global champion in ecological transformation while guaranteeing a coherent and sustainable industrial and social footprint for the new Suez; 
•    reiterates the social commitments made by Veolia; 
•    confirms that the acquisition price per share of the Suez Group will be raised to €20.50 (cum dividend).

A Memorandum of Understanding has been signed between SUEZ, Veolia, and the Consortium of investors composed of Meridiam–GIP–CDC/CNP to create a new Suez with revenues of nearly €7 billion, comprising Suez’ Water and Recycling & Recovery businesses as well as international assets, and growth prospects and development capacities both internationally and in France.

Next step: recommendation of the revised Veolia offer by the Suez Board of Directors before 29 June, after obtaining a fairness opinion from the independent expert (Finexsi) and the opinion of the Group Committee.