Veolia/Suez: the AMF has ruled that there are no grounds to notify the commencement of a pre-offer period on the Suez securities
The AMF Board reviewed on 24 September 2020 the request from Suez to implement the commencement of a pre-offer period on its securities pursuant to Article 223-34 of the AMF General Regulation, following the press release published by Veolia on 30 August 2020 and the related disclosures since then.
The AMF considered that the terms used by Veolia in its press release dated 30 August, as well as the communication of the company and its management since this date, did not result in making the "characteristics of a draft offer" public within the meaning of the aforementioned provisions, but the intention to file a draft offer should its proposal to Engie to acquire 29.9% of the share capital of Suez be accepted, being specified that the characteristics of the draft offer that would follow the acquisition of those shares would depend, in particular, on the potential acceptance by Engie of this proposal, as worded or amended.
Consequently, the AMF did not proceed with the notification of the commencement of a pre-offer period as requested by Suez.
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