Latest News for: Suez deal

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Suez deal unblocked by raised offer from French water rival Veolia

The Times/The Sunday Times 13 Apr 2021
Veolia, the French utility, has won a hard-fought battle to take over Suez, its national rival, to create a global water and waste management group.
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Cleanaway hails $501m Suez deal

The Daily Telegraph Australia 13 Apr 2021
A fallback $501m deal for key Sydney landfills and other assets is a “prize in itself”, Australian waste giant Cleanaway says, after becoming a stalking horse in the Suez-Veolia fight for global garbage control ....
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Cleanaway deal scrapped after French giants agree to merger

Sydney Morning Herald 13 Apr 2021
Cleanaway’s transformative $2.5 billion deal to acquire the Australian recycling assets of Suez has been binned after the French waste giant agreed to end hostilities with suitor Veolia and agreed to a merger ....
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Veolia and Suez Announce $15 Billion Merger Deal to Help Compete With Global Challengers From China

Barrons 12 Apr 2021
The headquarters of French waste and water management company Suez in Courbevoie, outside Paris ... The potential deal values Suez at €20.50 ($24.4) a share, which is a premium to the original €15.5 price offered last August ... One of the key reasons a deal has been done is because Veolia was seeking to vote at Suez’s impending annual shareholder meeting.
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Veolia agrees to buy Suez, ending bitter takeover war

Taipei Times 12 Apr 2021
After months of fierce resistance from Suez’s management, Veolia finally unlocked a deal by offering a higher price and “social commitments” for employees of the utility. The deal gives Suez an equity value of about 13 billion euros (US$15.5 billion), Veolia chief executive officer Antoine Frerot told reporters.
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Suez, Veolia reach agreement on merger

Market Watch 12 Apr 2021
Under the deal, the companies will withdraw all legal proceedings and terminate agreements for disposals, such as a recent deal for Suez to sell its recycling-and-recovery business in Australia to Cleanaway Waste Management Ltd.
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Probe into accident of Ever Given vessel in Suez Canal may end by this weekend: Egypt’s SCA Chief

Egypt Today 12 Apr 2021
He continued that Mohab Mamish is one of two dredgers that are being built as per a deal with Royal IHC Shipyard, adding that having these giant dredgers comes in light of President Abdel Fattah El Sisi’s directives to develop the Suez Canal Authority’s capabilities within the framework of Egypt’s 2023 development strategy.
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Suez and Veolia Environnement climb on merger deal in principle

Market Watch 12 Apr 2021
... had said Suez was doing everything it could to make it impossible for a deal to be reached.
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French Firms Strike $15.5 Billion Deal to Create Water, Waste Behemoth

Wall Street Journal 12 Apr 2021
PARISFrance’s Veolia Environnement SA reached a $15.5 billion deal to acquire Suez SA, creating a water and waste-management giant that aims to soak up a global surge in infrastructure and climate-change spending ... The deal comes at a time when governments world-wide are boosting ...
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Singapore gears up to tackle shipping backlog from Suez Canal blockage

Straits Times 12 Apr 2021
The port here is preparing to deal with the shipping backlog caused by the Suez Canal blockage last month, with many vessels heading this way ... Singapore is a hub port that is intimately linked to the Suez Canal, connecting Europe, the Middle East and Asia ... the Suez Canal blockage.
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Singapore readies for ships from Suez Canal backlog, maritime workforce to be increased after pandemic cuts

Straits Times 12 Apr 2021
SINGAPORE - The port here is readying itself to deal with the shipping backlog caused by the Suez Canal blockage last month, with many vessels heading this way ... Singapore is a hub port that is intimately linked to the Suez Canal, connecting Europe, Middle East and Asia ... More than 6,000 people are expected to tune in or attend the event ... � ....
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European stocks slip from record highs as focus shifts to earnings

Metro USA 12 Apr 2021
... earnings season, while two French utility companies surged on news of a merger deal after months of wrangling. Shares of Veolia and Suez surged 9.7% and 7.7% after the waste and water management companies agreed on a merger deal worth nearly 13 billion euros ($15.4 billion).
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Euronext Dublin pulled down by Ryanair after profit warning

The Irish Times 12 Apr 2021
... on the export-heavy index, while shares of drug developer C4X Discovery surged after a licensing deal with Sanofi ... Shares of Veolia and Suez surged 9.7 per cent and 7.7 per cent after the waste and water management companies agreed on a merger deal worth nearly €13 billion.
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