Breakingviews TV: Trash power
Viola's drive for trash dominance is worth the money the french water and waste company is finally pouncing on arch rival swears it has offered 50.5 euros a share in cash to buy a 30 stake from owner
Angie before a full takeover angie should look favorably at viola's offer the bid represents a 50 premium from where sewers shares stood before the french utility announced an
Asset review remaining sewage investors should demand the same price suets is in any case a large bite to swallow at 20 billion euros in enterprise value it may require a capital increase
Financially the deal seems to work expected annual cost savings of 500 million euros would be worth 3.4 billion euros after taxes in today's money
Covering the equity premium viewless unsolicited takeover plan is ambitious financially chunky and faces a few hurdles but it would turn the french group into a clear global waste
And water heavyweight jumping on the accelerating green economy bandwagon looks worth the risk