Veolia Is Appealing the Decision of Interim Relief Judge of the Judicial Court of Paris
09 Octobre 2020 - 7:56PM
Business Wire
Regulatory News:
This decision, which does not call into question the
ownership of the shares acquired by Veolia (Paris:VIE) on October
6, has no legal basis. The so-called "decisions already taken
and publicly announced in the press on August 30, 2020 by Veolia
and Engie" covered by the ordinance do not exist. At that date,
there was only an offer from Veolia to Engie. And to date,
according to the CEO of Suez himself, Veolia is not a controlling
shareholder.
This decision is also particularly incomprehensible as only the
management of Suez is competent to organize an
information-consultation of its Employee Works Council. This is a
reality that cannot escape anyone. Suez has not initiated an
information-consultation procedure vis-à-vis its employee
representative bodies since its management is opposed to the
project. Bringing responsibility for the failure to organize such a
consultation to Veolia is therefore perfectly grotesque since the
Group clearly did not have this power.
Veolia points out that it has always made itself available to
the managers of Suez and its employee representative bodies, and as
soon as August 30th. It is common knowledge that Veolia has had
several meetings with Suez management over the past few days to
present its project. Veolia remains available to present its
project to employee representatives.
Because this interim order, provisional, and issued by a single
judge is based on so-called “decisions” that do not exist, Veolia
is appealing against it.
...
Veolia group is the global leader in optimized resource
management. With nearly 179,000 employees worldwide, the Group
designs and provides water, waste and energy management solutions
which contribute to the sustainable development of communities and
industries. Through its three complementary business activities,
Veolia helps to develop access to resources, preserve available
resources, and to replenish them.
In 2019, the Veolia group supplied 98 million people with
drinking water and 67 million people with wastewater service,
produced nearly 45 million megawatt hours of energy and treated 50
million metric tons of waste. Veolia Environnement (listed on Paris
Euronext: VIE) recorded consolidated revenue of €27.189 billion in
2019 (USD 29.9 billion). www.veolia.com
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Veolia Group Media Relations Laurent Obadia - Sandrine
Guendoul Tel.+ 33 1 85 57 42 16 sandrine.guendoul@veolia.com
Analysts & Investors Ronald Wasylec - Ariane de
Lamaze Tel. + 33 1 85 57 84 76 / 84 80
investor-relations@veolia.com
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