For eight months Suez has pushed back against advances from Veolia in public via press releases, poison pills, and the entertainment of other suitors. However, on the 12th of April, Veolia and Suez announced that they have reached an agreement for a merger putting an end to the disputed takeover. The deal, which closes 14 May 2021, gives Suez an equity value of about €13 billion. The combined entity will have approximately €37 billion in revenues.
Aside from merging the two largest water companies, globally, the collateral impacts will be felt for years.
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