Ardian Interested in Acquiring Engie's 29.9% Stake in Suez
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.
Write to Olivia Bugault at firstname.lastname@example.org
(END) Dow Jones Newswires
October 01, 2020 03:10 ET (07:10 GMT)
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