New episode in the folder Veolia Environnement. Its CEO since late 2009 Antoine Frérot, is on trial. Borloo could indeed take control group of utilities and largest private employer in France. According to Les Echos, hostilities between the former boss of Veolia now head of EDF, and the runner Proglio Antoine Frérot, could be decided during the next meeting of the Board scheduled on February 29. Following this meeting promises to be choppy, several administrators of the group would seek a dismissal of the CEO. Conducted by a sling Proglio which intends to show that he still holds the strings of the group he led for many Annes before moving to EDF. According to Liberation, Proglio have discussed the ouster of Mr. Frérot with Nicolas Sarkozy on February 12 when the two men met to discuss the rescue by EDF of Photowatt.
Besides that of former Minister of Ecology Jean-Louis Borloo, several names would be approached to head the former Generale des Eaux: Augustin de Romanet, CEO of the Caisse des Depots, "but whose entourage denied any contact, "according to Les Echos, Jacques Veyrat, the former head of Louis Dreyfus and Daniel Bouton, former CEO of Societe Generale.
Results and share price at half-mast
The plummeting stock market as Veolia, which has lost nearly 60% of its value in one year, and the two profit warnings passed successively by the group that should show a loss of 200 million for fiscal 2011, according Challenges, feed the sling administrators.
For its part, Borloo does not dispute some meetings with "people of Veolia," said Liberation. The newspaper said that "at least five members of the board, fully identified, reportedly met Borloo, Thursday and Friday." And the applicant further states that the daily Veolia is "a company that I know well as a former minister. They have problems and if I believe what is said, there are a number of shareholders who think the group needs a class to his head. " The question is whether Borloo could be this character. For now, the former minister is cautious and says that "the only thing I can say is that now I am driven by two major international groups that are not Veolia. And contacts with them are very advanced. "
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