By Mauro Orru

 

Engie SA is willing to look at any plans which Suez SA might come up with as an alternative to Veolia Environnement SA's offer for an investment and possible takeover, Engie's board of directors chairman Jean-Pierre Clamadieu said in an interview with French TV channel France Info.

Veolia recently offered to buy a 29.9% stake in Suez from Engie for 2.91 billion euros ($3.45 billion) as a step toward a potential takeover.

However, Suez said Veolia's offer raised a number of concerns, ranging from employment, water treatment and distribution to lost opportunities and operational disruption.

"If the Suez team want to develop another plan, we will carefully look at it. It's just that time is of the essence, and they have to get to work really quickly," Mr. Clamadieu said in the interview.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

September 07, 2020 09:01 ET (13:01 GMT)

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