Veolia to improve offer to buy Engie’s 29.9% stake in Suez: CEO

FILE PHOTO: A flag with the logo of Suez is seen on a barge in Paris, France, September 3, 2020. REUTERS/Charles Platiau

PARIS (Reuters) – French utility Veolia VIE.PA will improve its offer to buy Engie’s ENGIE.PA 29.9% stake in rival Suez SEVI.PA, CEO Antoine Frerot said on Friday.

Frerot also told reporters that Veolia has the financial capacity to enhance its bid.

Veolia last month offered 2.9 billion euros ($3.39 billion)for Engie’s stake in Suez.

Reporting by Benjamin Mallet; Writing by Matthieu Protard. Editing by Jane Merriman


More:  Hong Kong building services firm Analogue to cut stake in U.S. unit amid Sino-U.S. tension

More from: | Category: M&A News