# Veolia acquires 29.9% stake in Suez from Engie

Veolia acquired a 29.9% stake in Suez from Engie at €18 per share, and confirmed its intention to launch a public tender offer for the remaining shares to merge the two companies.

- Type: Acquisition
- Announced: 2020-10-04
- Where: France
- Status: announced
- Products: water and waste management services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Veolia](https://endata.com/companies/243.md) (acquirer)
- [Engie](https://endata.com/companies/999.md) (partner)
- [Suez](https://endata.com/companies/1259.md) (target)

## Sources

- [veolianorthamerica.com](https://www.veolianorthamerica.com/media/press-releases/veolia-acquires-299-suezs-capital-engie-and-confirms-its-intention-acquire), 2020-10-04: "I am very happy to lay the foundation stone in France today for a world super champion of the ecological transformation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.