|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||17.88 - 18.36|
|52-week range||16.01 - 29.09|
|Beta (5Y monthly)||0.67|
|PE ratio (TTM)||69.39|
|Earnings date||30 Jul 2020|
|Forward dividend & yield||0.50 (2.74%)|
|Ex-dividend date||12 May 2020|
|1y target est||21.73|
French utility Engie <ENGIE.PA> called on Suez's management on Tuesday to start talks with bigger rival Veolia <VIE.PA> after Veolia offered last month to buy Engie's 29.9% stake in Suez <SEVI.PA> for 2.9 billion euros (2.64 billion pounds). Veolia has described the offer as part of its ambition to create a "world champion of ecological transformation". Engie's board chairman Jean-Pierre Clamadieu said the Sept. 30 expiry of Veolia's offer and the fact that no counter-bid had emerged was putting Engie, which owns almost 32% of Suez, under pressure.
Activist fund Amber Capital said on Tuesday it fully shared concerns expressed by French utility Engie's <ENGIE.PA> board on the necessity to adequately value its stake in Suez <SEVI.PA>, after Veolia <VIE.PA> offered to buy a 29.9% stake for 2.9 billion euros ($3.38 billion). Engie, which owns almost 32% of Suez, rejected Veolia's initial advance but has said it would consider a higher offer. Veolia is due to improve its bid to buy the bulk of Engie's stake in smaller rival Suez by Sept. 30.
French government will not be rushed to make a decision on Veolia's <VIE.PA> bid for smaller rival Suez <SEVI.PA>, Finance Minister Bruno Le Maire said on Monday. Utility group Veolia said on Monday it would improve its 2.9 billion euro (2.63 billion pounds) offer to buy the bulk of Engie's <ENGIE.PA> stake in Suez by Sept. 30. The French state holds a 23.6% stake in Engie.