Aug 31, 2020 / 06:30AM GMT
Operator
Ladies and gentlemen, welcome to Veolia webcast. I now hand over the floor to Mr. Antoine Frérot, CEO; Estelle Brachlianoff, COO; and Claude Laruelle, CFO. Madam, gentlemen, please go ahead.
Antoine Frérot - Veolia Environnement S.A. - Chairman & CEO
Thank you, and good morning, ladies and gentlemen, and welcome to this conference call to which you were invited yesterday evening for news about Veolia. I am with Estelle Brachlianoff, our COO; Claude Laruelle, our CFO; and Olivier Brousse, our Head of Strategy.
And I am on Page 3 of the slide show. Following ENGIE's announcement on July 31 that is why we have launching a strategic review of some of the assets, including their stake in Suez, I have decided, with the unanimous approval of our Board of Directors, to propose to acquire 29.9% of Suez shares out of ENGIE's 32% stake at EUR 15.5 per share. As you can see on this slide, this all-cash offer with a 49% premium on the unaffected last 3 months average share price is the starting point of a great industrial project that
Veolia Environnement SA Offering To Acquire 29.9% Of Suez From Engie Conference Call Transcript
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