Veolia’s Acquisition of 29% Stake in Suez Eau France

Veolia's Acquisition of 29% Stake in Suez Eau France

Davis Polk advised Meridiam in connection with its contemplated acquisition of Suez’s French water activities as part of the global contemplated acquisition of Suez by Veolia.

Veolia submitted a firm offer to Engie for the acquisition of 29.9% of the Suez shares it holds. If it is accepted by Engie, Veolia intends, following the acquisition of these shares, to file a voluntary tender offer for the remaining Suez shares. The filing of this voluntary tender offer will be completed as soon as the necessary regulatory authorizations have been obtained, in particular with respect to competition.

In this context, Meridiam has made a formal commitment to acquire Suez’s French water activities in order to address the already identified antitrust issues that would result from a combination of Suez and Veolia.

Meridiam is a French company and world leader in investment and infrastructure management for public services.

The Davis Polk team included counsel Georges Terrier (Picture) and associates Jean-Christophe Devouge and Ferdinand Barbé.

Cot Law advised Meridiam on competition law with Jean-Mathieu Cot.

Involved fees earner: Jean-Mathieu Cot – Cot Law; Ferdinand Barbé – Davis Polk & Wardwell; Jean-Christophe Devouge – Davis Polk & Wardwell; Georges Terrier – Davis Polk & Wardwell;

Law Firms: Cot Law; Davis Polk & Wardwell;

Clients: Meridiam SAS;