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April 12, 2021, 3:27 a.m. EDT

Suez and Veolia Environnement climb on merger deal in principle

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By Steve Goldstein

Suez /zigman2/quotes/205820620/delayed FR:SEV -0.08% shares rose 7% and Veolia Environnement /zigman2/quotes/200641726/delayed FR:VIE -1.22% added 4% as the two sides said they've reached a deal in principle on a merger, with Veolia to pay €20.50 per share. The two groups have agreed to enter into definitive merger agreements by May 14. Suez won't dispose Australian assets and will deactivate its Dutch foundation, the companies said. Only last week Veolia had said Suez was doing everything it could to make it impossible for a deal to be reached.

/zigman2/quotes/205820620/delayed
FR : France: Euronext Paris
19.88
-0.02 -0.08%
Volume: 367,919
May 13, 2021 2:28p
P/E Ratio
N/A
Dividend Yield
3.27%
Market Cap
€12.73 billion
Rev. per Employee
€191,211
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/zigman2/quotes/200641726/delayed
FR : France: Euronext Paris
25.12
-0.31 -1.22%
Volume: 356,868
May 13, 2021 2:28p
P/E Ratio
164.08
Dividend Yield
2.79%
Market Cap
€14.25 billion
Rev. per Employee
€145,393
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