Veolia Won't Extend Offer Deadline for Engie's Stake in Suez
By Mauro Orru
Veolia Environnement SA's Chief Executive Antoine Frerot told
France's National Assembly on Wednesday that he wouldn't extend the
deadline for Veolia's offer to acquire Engie SA's stake in Suez SA,
currently set for Sept. 30.
Veolia offered to buy a 29.9% stake in Suez from Engie for 2.91
billion euros ($3.41 billion) as a step toward a potential
However, Suez said Veolia's offer raised a number of concerns,
ranging from employment, water treatment and distribution to lost
opportunities and operational disruption.
Suez Chairman Philippe Varin rejected the Sept. 30 deadline set
by Veolia during a hearing at the National Assembly on Wednesday,
adding that Suez needed more time to present alternative proposals
with regards to Engie's stake.
This story was translated in whole or in part from a
French-language version initially published by L'Agefi-Dow
Write to Mauro Orru at firstname.lastname@example.org; @MauroOrru94
(END) Dow Jones Newswires
September 23, 2020 08:07 ET (12:07 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.