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The decision handed down by a Paris court on Friday 9 October puts Veolia’s purchase of a 29.99% stake in Suez from Engie on hold until the staff representation bodies at Suez have been informed and consulted. These kinds of decisions are rare, despite the fact French labour law recognises right of staff representatives to take legal action if their rights to information and consultation are not respected, which can result in transactions being suspended. Suez’s management, which is opposed to the operation, has supported staff representatives. The court’s decision requires the two companies involved (Engie and Veolia) to provide Suez with the information that would enable it to fulfil its obligations.
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