Cleanaway Waste Management logo

CWY - Cleanaway Waste Management News Story

A$2.8 0.0  1.1%

Last Trade - 07/05/21

Sector
Industrials
Size
Large Cap
Market Cap £3.23bn
Enterprise Value £3.78bn
Revenue £1.29bn
Position in Universe 99th / 1907

UPDATE 1-French utilities Veolia and Suez strike merger deal

Mon 12th April, 2021 8:36am
(Adds share price)
    PARIS, April 12 (Reuters) - French utilities Veolia  VIE.PA 
and Suez  SEVI.PA  have agreed a merger deal after battling for
months over terms, the companies said on Monday.
    The agreement values Suez at 20.50 euros ($24.4) per share,
they said.
    Shares in Suez were up 6.64% at 0825 GMT, while Veolia
shares were up 2.97%.
    Paris-based Suez in February rejected an 11.3 billion euro
takeover bid by domestic rival Veolia. 
    Since then, the two companies have struggled to agree how to
carve up the waste and water management company's business,
which has led them to clash in court.
    ($1 = 0.8415 euros)

 (Reporting by Sudip Kar-Gupta and Matthieu Protard; Editing by
Jan Harvey)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.