Veolia

Veolia

Suez proposes Veolia to negotiate on basis of a Ardian-GIP offer

French waste and water management company Suez has proposed its rival Veolia to negotiate on the basis of a firm offer by investment firms Ardian and Global Infrastructure Partners (GIP), the companies said on Sunday.

This move marks a potential breakthrough in the ongoing battle between the two companies, which have been engaged in a bitter takeover feud for months. The involvement of Ardian and GIP could provide a new avenue for negotiations and potentially lead to a resolution that benefits all parties involved.