Suez Lambastes Veolia's Sweetened Offer
By Pietro Lombardi
Suez SA has criticized the new offer put forward by Veolia
Environnement SA to buy Engie SA's 29.9% stake in Suez.
The terms of the new offer are still "vague" and "do not
guarantee the interests of the shareholders and stakeholders," the
French waste-management company said Wednesday.
The company asked shareholder Engie not to take a decision under
Veolia's terms and timetable.
"The board is actively pursuing its work in order to enable the
announcement, as soon as possible, of a solution that will suit all
Suez shareholders," it said.
On Wednesday, Veolia increased its offer to Engie to 18 euros
($21.14) for each Suez share, from a previous offer of EUR15.50 a
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(END) Dow Jones Newswires
September 30, 2020 07:49 ET (11:49 GMT)
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