The Minister of the Economy Bruno Le Maire regretted this Sunday “precipitation“In the Veolia-Suez merger case, wanted by Veolia against the will of Suez, which resulted in a current blockage, and affirmed the need to”keep two industrial champions».
«We will see“Whether this project will be successful or not,”but this simply confirms us in what I have pleaded from the start: you have to take your time. I regret the haste in which this whole affair has been conducted. (…) In return for what, as always (when we rush), it is blocked», Declared Bruno Le Maire in the program Dimanche en Politique on France 3.
«What matters is that there is an amicable agreement“However long it takes,”that we keep two industrial champions because we need competition, and (…) that we protect jobs. In an economic period like this, the first responsibility of a business leader, whether at the head of Engie, Suez or Veolia, is to protect jobs.», Said Mr. Le Maire.
Seized by the representative bodies of Suez employees for not having “not been informed and consulted regularly on this project“, The Paris court ordered on October 9 in summary proceedings the”suspension of the operation»Acquisition by the water and waste giant Veolia of 29.9% of Engie’s shares in its competitor Suez. Veolia’s offer of 3.4 billion euros was accepted on October 5 by the board of directors of Engie, against the will of the state, which owns 23.6% of Engie.