About: http://data.cimple.eu/news-article/70ac769cf82084c1b680fb149b09f517ee99e998feb22a7a118cee41     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Finance Minister Bruno Le Maire warned Tuesday that a takeover raid by French energy and water giant Veolia against its rival Suez risked destabilising both firms unless an amicable accord could be reached. Veolia closed in on its target Monday after securing a deal to buy 30 percent of Suez from Engie, an energy player in which the French state owns a 22 percent stake. Despite voting against the sale, the French government was overruled by Engie's board, which agreed to pocket Veolia's offer of 3.4 billion euros ($4 billion). Veolia is now poised to launch a full takeover, potentially creating a global giant supplying power generation, waste management and water services to municipalities worldwide. French officials are eyeing the deal warily, despite pledges by Veolia to maintain jobs in the strategic sectors. Suez's board on Tuesday denounced a "hostile" deal made under "unprecedented and irregular conditions." "I don't believe in forced marriages. I don't think they work," Le Maire told France Info radio, urging talks to resume between the two sides quickly. "The deal won't work" without an accord, he added. "We were just a few centimetres from a deal but we ran up against intransigence on one side and hastiness on the other." Veolia has said it will give itself six months to find common ground with Suez and allay its fears of a break-up that it says could cost up to 10,000 jobs. Suez has already taken a series of "poison pill" moves to try to scupper any takeover, including by placing its key French water services business in an independent Dutch holding. That could put it out of reach for Veolia, which has said it wants to sell the French operations to meet antitrust concerns. Suez said Tuesday that "it will use all the means at its disposal... to avoid a creeping takeover or de facto control," it said. kd-cd/js/bmm
schema:headline
  • French govt warns Veolia/Suez merger 'won't work' without talks
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software