SUEZ considers Veolia’s purchase of 29.9% of its capital a hostile act

SUEZ considers Veolia’s purchase of 29.9% of its capital a hostile act

(PRESS RELEASE) PARIS, 6-Oct-2020 — /EuropaWire/ — SUEZ (EPA: SEV), a global leader in the water and waste sectors, has issued an announcement in regard to Veolia’s purchase of 29.9% of its capital. SUEZ finds the purchase by Veolia (EPA: VIE), a French transnational company active in the water, waste and energy management sectors, done in a hostile manner and under unprecedented and irregular conditions.

The Group confirms that it will use all the means at its disposal to protect the interests of its employees, its clients and all its stakeholders, in particular to ensure equal and fair treatment of all its shareholders and avoid a creeping takeover or de facto control.

SUEZ’s 150-year-long history does not end overnight. In this new phase, SUEZ expresses its thanks to all of the Group’s employees and social partners who work everyday, with pride in our values, to deliver essential services to our customers, in the spirit of our Corporate Purpose.

Media contact:

Isabelle Herrier Naufle
isabelle.herrier.naufle@suez.com
+33 1 58 81 55 62

Analysts / Investors: Mathilde Rodié, Cécile Combeau
+33 1 58 81 24 05

About SUEZ:
Since the end of the 19th century, SUEZ has built expertise aimed at helping people to constantly improve their quality of life by protecting their health and supporting economic growth. With an active presence on five continents, SUEZ and its 90,000 employees strive to preserve our environment’s natural capital: water, soil, and air. SUEZ provides innovative and resilient solutions in water management, waste recovery, site remediation and air treatment, optimizing municipalities’ and industries’ resource management through “smart” cities and improving their environmental and economic performance. The Group delivers sanitation services to 64 million people and produces 7.1 billion m3 of drinking water. SUEZ is also a contributor to economic growth, with more than 200,000 jobs created directly and indirectly on an annual basis, and a provider of new resources, with 4.2 million tons of secondary raw materials produced. By 2030, the Group is targeting 100% sustainable solutions, with a positive impact on our environment, health and climate. SUEZ generated total revenue of €18.0 billion in 2019

SOURCE:SUEZ