The President of the Commercial Court of Nanterre forbids
the irrevocability of the “stichting-foundation” of Suez in the Pays
Low.
Veolia welcomes the decision of the President of the Commercial Court of Nanterre which prohibits
Suez to take any decision likely to make the device irrevocable
foreigner inalienability of Eau France de Suez, designed and set up to
dissuade Veolia from carrying out its takeover bid.
In an enforceable order issued today, the President of the Commercial Court of Nanterre thus made
forbidding Suez to take any measures which could result in the irrevocability of the placement of Suez Eau
France within an opaque device in the Netherlands, thus paralyzing this "stichting-foundation". And this until
the outcome of any meeting of a forthcoming general meeting of Suez SA, called to rule
on said legal arrangement and its consequences, and at the latest until the general meeting called to
approve the financial statements for the year ended December 31, 2020.
In the meantime, Veolia will summon the Suez group as soon as possible to have this declared null and void.
device which violates essential rules of French law.