Attempt to file a tender offer: a maneuver by Veolia in clear breach of its repeated commitments to amicability
SUEZ comments as follows:
- Veolia is legally prevented from filing a tender offer due to the commitments they have taken and any such filing would be illegal. In addition, it would be unacceptable from an ethical standpoint.
- The announcement of Veolia made today constitutes a new major irregularity, as well as a disregard for the French State which has sought to promote an amicable solution, better for the shareholders, employees and all stakeholders of SUEZ.
- Veolia has also misled the legal authorities in France: their decision rendered on February 3rd relating to the information-consultation of the employees of SUEZ relied on Veolia’s commitment to amicability.
SUEZ will use all its rights to oppose such hostile approach of Veolia and the illegal filing of a tender offer.
Philippe VARIN, Chairman of the Board of Directors declared: