Ardian, Antin Still Interested in Suez; No Offer Yet
By Olivier Pinaud
Private equity firms Ardian and Antin Infrastructure Partners
are still interested in Suez SA but haven't made any firm offers
for a stake in the French waste and water management company.
The announcement comes after French daily Le Figaro reported
that Ardian made an offer of 18.5 euros a share ($21.84) for a
29.9% stake in the company to the Suez board of directors in
September, before effectively pulling out on Oct. 5 to allow time
Veolia Environnement SA bought a 29.9% stake in Suez from Engie
SA and is planning a takeover of the company, a move which Suez
Ardian said Friday that it is monitoring the situation although
it confirmed it hasn't made any offers.
Antin Infrastructure Partners expressed its interest in Suez in
September. A source close to the firm told Agefi-Dow Jones that its
position hasn't changed.
This story was translated in whole or in part from a
French-language version initially published by L'Agefi-Dow
Write to Olivier Pinaud at email@example.com and Mauro Orru at
(END) Dow Jones Newswires
November 13, 2020 04:56 ET (09:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.