Engie Ready to Look at Suez's Alternatives to Veolia Offer
September 07 2020 - 9:16AM
Dow Jones News
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)
Copyright (c) 2020 Dow Jones & Company, Inc.
Engie (EU:ENGI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Engie (EU:ENGI)
Historical Stock Chart
From Sep 2023 to Sep 2024
