The Board of Directors met today concerning the sale of Engie’s holding in SUEZ.
The Board confirmed the Veolia approach is hostile, both as regards the purchase of the initial block as well as the overall project.
The Board deplores the unnecessary precipitation of Engie Board members in refusing to consider and discuss an alternative project that would be in the corporate interest of SUEZ along with its shareholders and all stakeholders, employees and customers.
In the current climate, the Board agrees with Ardian’s decision that it is not appropriate to make any offer to Engie.
In order to preserve the interest of all its shareholders and stakeholders, the Board confirms that it will put all the means at its disposal to avoid a creeping takeover or de facto control.
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