The controversial takeover of Suez by Veolia has become increasingly embittered following the Paris court ruling earlier this month, with Veolia declaring that it will sue Suez “as soon as possible” to have the decision nullified and voided.
Veolia said it “welcomes the decision” of the Commercial Court of Nanterre’s President, which it says “prohibits Suez from taking any decision to render irrecoverable” the measure that would prevent a Veolia takeover.
In response, Suez has said that, “contrary to the incorrect information published by Veolia”, the Paris Court of Appeal decision means that the takeover has been suspended until the completion of a Suez employee consultation.
“The Suez group finds it regrettable that Veolia decided to dispute Suez Group employee representatives’ right to be consulted on an attempt of dismantling likely to jeopardize their future and their jobs and that Veolia went as far as calling the temporary order of the judge ’perfectly grotesque’,” said Suez.