Gide on the issuance of €700 million approx. of convertible bonds (OCEANE) by Veolia Environnement and the concurrent repurchase of its existing OCEANE due March 2021

Gide advised Veolia Environnement on the issuance of approximately € 700 million bonds convertible into and/or exchangeable for new and/or existing shares (OCEANE) due January 2025, by way of a placement to qualified investors without shareholder’s preferential subscription rights.

Simultaneously, Gide assisted Veolia Environnement on the concurrent repurchase of its outstanding OCEANE due March 2021 for approximately € 650 million through a reverse bookbuilding process.

Gide’s team was led by partners Arnaud Duhamel and Hubert du Vignaux and counsel Laurent Vincent, assisted by Louis Ravaud and Juliette Pierre.

Allen & Overy advised the bank syndicate comprising Barclays Bank PLC, BNP Paribas, Crédit Agricole Corporate and Investment Bank, HSBC France, Mizuho International plc, Natixis and Société Générale.