Veolia to Unveil Improved Offer for Suez
By Olivier Pinaud
Veolia Environnement SA is set to present an "improved offer"
late Friday for Suez SA to Engie SA's board of directors, Chief
Executive Antoine Frerot said in a press conference Friday.
"The offer price will be increased, but I won't say by how
much," Mr. Frerot said, adding that price is not the sole
The improved offer takes into account the points raised by
Engie, Mr. Frerot added. "The social commitments have been formally
set out in a letter that will be sent to Engie's board of
directors," he said.
Mr. Frerot said he is open regarding the question of governance,
noting that of the 12 members of the new entity's executive
committee, four or five could come from within Suez. "The same
would apply for directors at country level," he added.
Alice Dore contributed to this article.
Write to Olivier Pinaud at firstname.lastname@example.org
This story was translated in whole or in part from a
French-language version initially published by L'Agefi-Dow
(END) Dow Jones Newswires
September 25, 2020 06:10 ET (10:10 GMT)
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