Meridiam to acquire French water activities of Suez.

Meridiam, a French company and world leader in investment and infrastructure management for public services, agreed to acquire French water activities of Suez, as part of the global contemplated acquisition of Suez by Veolia. Financial terms were not disclosed. On August 30, 2020, Veolia submitted a firm offer to Engie for the acquisition of 29.9% of the Suez shares it holds. If it is accepted by Engie, Veolia intends, following the acquisition of these shares, to file a voluntary tender offer for the remaining Suez shares. The filing of this voluntary tender offer will be completed as soon as the necessary regulatory authorizations have been obtained, in particular with respect to competition. In this context, Meridiam has made a formal commitment to acquire Suez’s French water activities in order to address the already identified antitrust issues that would result from a combination of Suez and Veolia.