Veolia CEO Ferot rules out extending expiry deadline for Suez stake bid
Reuters
Published Sep 23, 2020 12:09
PARIS (Reuters) - The head of French water and waste management company Veolia (PA:VIE) ruled out on Wednesday extending the deadline for the expiry of its bid for a stake in rival Suez (PA:SEVI).
"No, I will not extend the validity date of my offer," Antoine Frerot told a hearing at the National Assembly.
Veolia last month offered to pay 2.9 billion euros for a 29.9% stake in Suez owned by Engie (PA:ENGIE), with a view to subsequently taking full control of Suez by buying up more shares. The deadline for Veolia's bid is Sept.30
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Written By: Reuters
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