1. Activist Shareholder Urges Engie to Accept Veolia's Suez Bid

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    Activist Shareholder Urges Engie to Accept Veolia's Suez Bid

    Engie SA shareholder Amber Capital on Tuesday encouraged the French energy company to accept Veolia Environnement SA's approach for its stake in Suez SA, arguing that the disposal was a good opportunity and raising concerns over the methods employed by Suez's management...

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    1. The proceeds from this disposal would allow Engie to finance its development projects.
    2. We are deeply concerned by the hostile methods used by the management of Suez, consisting in integrating its Suez Water France activities into a Dutch Foundation to attempt to block the merger, and doing so without consulting its shareholders.

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