SUEZ’ Board of Directors met this evening to review in detail the project being developed by Ardian and its partners since the submission of a preliminary Letter of Intent to Engie on September 30th.
In the context of Engie’s sale process, the project envisages the acquisition of a 29.9% stake in SUEZ from Engie, and an all-cash public offer immediately thereafter for all SUEZ shareholders, under the same terms and conditions.
The Board views this project to be in the corporate interest of SUEZ - its shareholders, its employees, its clients and all its stakeholders.
This project, built around growth, would also allow for a doubling of the shareholding held by employees.
The Board accordingly renewed its support to the proposal being developed by Ardian and the SUEZ employee shareholders.
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