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...The chief executive of French waste and water group Veolia has urged European governments to do more to cut red tape on permits to speed up renewable energy projects....
...Corporate earnings: French industrial group Veolia Environnement reports full-year results....
...It said Veolia could either sell its entire UK waste business or that of Suez....
...Veolia’s takeover of Suez excluded part of the latter’s business....
...Suez has first refusal on the British waste business should it have to be sold, two people close to the matter said, and at a price set by Veolia....
...Estelle Brachlianoff, incoming chief executive of French utility group Veolia, has a desk in her office where she displays an unusual selection of corporate mementos....
...Environnement FY Friday China, India, Japan: S&P Global composite (manufacturing and services) PMI data France, January industrial production figures Japan, January jobless rate (AM local time) US,...
...Veolia’s main antitrust concerns are focused in France, where Veolia and Suez are historic competitors, and the companies are awaiting a decision from regulators in Brussels on whether to clear the deal,...
...Veolia chief executive, said on Monday....
...A value for Suez of €20 a share suggested by Ardian and GIP is more than Veolia has offered, suggesting how this saga will conclude. The pair must have guessed Veolia would turn down their invitation....
...Suez or its unions have challenged Veolia’s right to launch a bid, to vote its shares, and its handling of obligatory consultation with Suez employees....
...Suez and Veolia, each with long histories, had come close before. In 2012 Suez tried to snap up Veolia three years into Frérot’s tenure....
...“Over the past four months, Suez has multiplied actions intended to obstruct Veolia’s offer proposal,” said Veolia, which is trying to build what it calls a “world champion of ecological transformation”...
...In its formal rejection of the bid on Friday, Suez said it undervalued the company and warned Veolia’s plans risked seeing Suez dismantled and jobs put at risk — claims that Veolia denies....
...Suez on Sunday said it had activated the foundation but had made it reversible if an agreement with Veolia could be found or if or if Veolia increases its offer to €22.50 per share by May 5....
...This is the price Veolia paid for the stake it already owns. Pressure to strike a deal should relieve fears that Veolia could end up getting Suez for less at a later date....
...But a showdown vote at an annual meeting would be a risk, for Veolia as much as Suez....
...Veolia bought its stake from French energy group Engie....
...Rival Veolia headed by Antoine Frérot wants to absorb Suez and create a national champion....
...Veolia’s offer is due to expire at the end of this month....
...The board of French water and waste group Veolia hopes to keep things tidy in its pursuit of local rival Suez....
...Veolia said it had “responded positively” to the two requests....
...Veolia said it wished to “resume discussions” on Tuesday....
...Suez said in a statement on Sunday that its board would meet shortly to study Veolia's approach, which "has not been solicited and has not been discussed at all with Suez" Advisers to Veolia included Messier...
...Engie was known as “Elgar”, Veolia as “Vivaldi” and Suez was “Schubert”....
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