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BULLETIN: Veolia Environnement S.A. Ratings Unchanged After VINCI S.A. Rejects Friendly Offer Jun 06
Standard & Poors, June 2006
Abstract
PARIS (Standard & Poor's) June 15, 2006--Standard & Poor's Ratings Services said today that the ratings on French environmental services group Veolia Environnement S.A. (BBB+/Stable/A-2) remain unchanged following the announcement by the group of its interest in a friendly merger with French concession and construction group VINCI S.A. (BBB+/Stable/A-2). Standard & Poor's understands from Veolia's management that, following the rejection of its approach by VINCI, it will not pursue a hostile offer, or an offer with a cash component. Similarly, Standard & Poor's understands that VINCI is not open to a friendly merger with Veolia. If Veolia were to change its mind and consider either a hostile offer or a mixed share and cash offer, we would likely place the...
Companies mentioned in this report are: Veolia Environnement S.A.,Cofiroute,VINCI S.A.,Autoroutes du Sud de la France S.A.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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