By Olivia Bugault 

Ardian said Thursday that it has informed Engie SA of its interest in acquiring the latter's 29.9% stake in waste-management company Suez SA.

The France-based private equity company said that the board of directors of Suez supports its expression of interest in the stake. Ardian added that it wants to form a consortium of private and public institutional investors that would be mostly French.

Veolia Environnement SA and Suez have been at odds over the acquisition of Engie's 29.9% stake in Suez by Veolia. Veolia on Wednesday increased its offer to Engie to 18 euros ($21.10) for each Suez share and promised job security for Suez employees in France, a move that was welcomed by Engie.


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(END) Dow Jones Newswires

October 01, 2020 03:10 ET (07:10 GMT)

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