ENGI Engie

By Olivier Pinaud

Bailiffs on Thursday seized documents from the offices of Veolia Environnement SA, Engie SA and investment firm Meridiam as part of a court order requested by Suez SA, according to a person familiar with the matter.

French waste-and-water-management company Suez requested the order to obtain transparency into Veolia's purchase of a 29.9% stake in Suez from energy company Engie. The order was granted by a commercial court in Nanterre, outside Paris.

In addition to Veolia and Engie, Meridiam is involved as the potential buyer of Suez's water-activities arm, in order to address antitrust issues.

Veolia, Engie and Meridiam have the right to request a counter-judgment to the court order, in which case the documents seized Thursday would be held pending further legal developments, according to French law. The three companies declined to comment.

The companies have been involved in a protracted dispute over Veolia's purchase of a stake in Suez, which has characterized the move as hostile. Last week, a French court of appeal confirmed an earlier decision suspending the effects of the stake acquisition, pending the completion of consultations with Suez's social and employee committees.

This story was translated in whole or in part from a French-language version initially published by L'Agefi-Dow Jones.

Write to at Olivier Pinaud at opinaud@agefi.fr

(END) Dow Jones Newswires

November 26, 2020 06:34 ET (11:34 GMT)

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