Ardian, Antin Still Interested in Suez; No Offer Yet
November 13 2020 - 5:11AM
Dow Jones News
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
for discussions.
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
opposes.
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
Jones.
Write to Olivier Pinaud at opinaud@agefi.fr and Mauro Orru at
mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
November 13, 2020 04:56 ET (09:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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