Veolia Environnement SA (CHIX:VIEp)
€ 28.825 0.37 (1.3%) Market Cap: 21.08 Bil Enterprise Value: 31.40 Bil PE Ratio: 20.00 PB Ratio: 1.71 GF Score: 80/100

Half Year 2021 Veolia Environnement SA Earnings Call Transcript

Jul 29, 2021 / 06:30AM GMT
Release Date Price: €27.98 (+3.19%)
Antoine FrÃ;rot
Veolia Environnement S.A. - Chairman & CEO

© -

Thank you, and good morning, ladies and gentlemen, and thank you for attending this conference call on Veolia's First Half 2021 Results. I am, this morning, with Estelle Brachlianoff, our COO; and Claude Laruelle, our CFO. And during this presentation, we will first give you an update on the progress of our acquisition of Suez Group, and we will then give you the details of our first half results, which are record results. Then, of course, we will answer your questions.

So I am starting on Slide 5, showing the main steps of our tender offer for Suez, which is progressing on schedule. On May 14, the Board of Suez and Veolia reached a final agreement enabling the launch of a tender offer for the remaining 70% of Suez shares at EUR 20.5 per share, dividend included. On June 29, the Board of Suez formally approved our offer and recommended that their shareholders bring their shares. As you know, for antitrust reasons, we cannot keep all of Suez's assets mostly in France. During our negotiation with the Board of Suez, we

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot