logo
  

Veolia Owns 86.22% Of Suez's Share Capital

Veolia will own 551.45 million Suez shares representing 86.22% of the share capital and voting rights of Suez, as per the French financial-markets regulator's provisional results of Veolia's tender offer for Suez shares.

The final result will be announced on Monday, January 10, 2022, Veolia said in a statement.

As per the French Autorité des marchés financiers' (AMF) general regulations, Veolia will request the reopening of the offer for a period expected to run from January 12 to January 27, 2022. The reopening will allow shareholders who have not tendered their shares to do so under unchanged conditions.

Veolia also confirms its intention to proceed with the squeeze-out and delisting of Suez shares in the event that the number of shares not tendered to the offer by minority Suez shareholders does not represent, at the end of the reopened offer, more than 10% of the capital and voting rights of Suez.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Aerospace giant Boeing Co. (BA) on Wednesday reported fourth-quarter net loss attributable to Boeing shareholders of $4.16 billion or $7.02 per share, sharply narrower than $8.44 billion or $14.65 per share in the year-ago quarter. The 787 program recorded $3.5 billion pre-tax non-cash charge; focused... Telecom giant AT&T reported Wednesday a profit for the fourth quarter compared to a loss last year, primarily boosted by continuing customer growth in wireless, fiber and HBO Max, despite a 10 percent drop in revenues. Both adjusted earnings for the quarter and quarterly revenues also topped analysts' expectations. However, the company issued weak earnings and sales growth outlook for fiscal 2022. Bentley Motors, owned by German automaker Volkswagen AG, announced plans to develop its first-ever Battery-Powered Electric Vehicle or BEV in 2025. The British luxury carmaker also plans investment of around 2.5 billion pounds or $3.4 billion in sustainability over the next ten years. The company will develop and build the new vehicles in the UK plant in Crewe.
Follow RTT