|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||26.99 - 27.66|
|52-week range||25.63 - 37.80|
|Beta (5Y monthly)||0.97|
|PE ratio (TTM)||39.91|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 Oct 2021|
|1y target est||N/A|
The collaboration, under which recycled plastics will be used in instrument panels, door panels and centre consoles in cars across Europe, will reduce Faurecia's carbon footprint, helping it advance its CO2 neutrality plan, and expand Veolia's product range to vehicle interiors. "The use of recycled plastics is one of the key challenges for the ecological transformation of the automotive industry ... Today, automotive interiors are mostly made of virgin material," the companies said in the statement.
The group, which won EU approval for the 13 billion euro deal in December after months of bitter wrangling with Suez, expects to increase its 2022 current net income to around 1.1 billion euros ($1.21 billion), from 896 million last year. Veolia also expects to add close to 10 billion euros to the 28 billion euro revenue it posted for 2021. The group, which closed its tender offer for Suez shares at the end of January, is still awaiting antitrust approval from the UK market regulator.
Veolia will proceed with a squeeze-out procedure on Suez shares that are not already owned by the group by February 18, the group said in a statement. At the close of the squeeze-out, Suez shares will be delisted from Euronext Paris and Euronext Brussels, Veolia added.