Business
French giant Veolia warns Cleanaway of legal ‘black hole’ – The Australian Financial Review
A top global executive of Veolia says it will use all its legal rights to block any Cleanaway-Suez tie-up in Australia.
Veolia Australia chief executive Richard Kirkman said investors in Cleanaway also needed to be aware of the situation, and the potential for a legal black hole as the matter played out in the courts in what could be a long and drawn-out legal fight.
The letter to Cleanaway made the situation clear about potential breaches of French takeover law, with Veolia having clearly expressed to Suez that the Australian assets were an important growth platform.
We want them to be aware there are risks here,…
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