He is ready to spend 9.7 billion to create a “world super champion of ecological transformation”.
–Marrying Veolia and Suez, she was an Arlésienne of French capitalism. Antoine Frérot, CEO of Veolia since 2009, is enthusiastic about finally getting there. On Sunday, he submitted to Engie’s board of directors a firm takeover offer for 29.9% of the capital that the gas group holds in Suez. “We are launching the creation of a world super champion of ecological transformation”, rejoices the boss of Veolia.
The planets are aligned for this rapprochement to materialize. At the end of July, Jean-Pierre Clamadieu, president of Engie, which owns 32% of Suez, suggested that this stake was for sale. Antoine Frérot immediately went to the assault. Advised by the investment banks Messier Maris and Perella Weinberg, as well as by the law firm Cleary Gottlieb (Citi and Gide being the financial and legal advisers to the board of directors of Veolia), the CEO contacted Jean- Pierre Clamadieu.
“A historic opportunity”
“Engie’s decision to review
