After receiving letter of intent, Suez says open to begin talks on Veolia takeover

FILE PHOTO: A flag with the logo of Suez is seen on a barge in Paris, France, September 3, 2020. REUTERS/Charles Platiau/File Photo

PARIS (Reuters) – Suez said on Sunday it had received a letter of intent from Ardian and GIP (Global Infrastructure Partners), which would help to find a quick solution to a takeover offer made by water and waste management company Veolia.

Suez said in a statement it was now willing to open a dialogue with Veolia with the aim of resolving the matter in the interest of all concerned parties.

It said the letter of intent paved the way for a solution, including an offer by the investors for Suez’ shares at a price of 18 euros ($22) per share.

($1 = 0.8277 euros)

Reporting by John Irish; Editing by Hugh Lawson

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