Veolia Pledges Sweetened Suez Stake Offer by Sept. 30 Deadline
- Improved bid will include written clarifications on jobs
- Veolia CEO Frerot rejects any extension of the deadline
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Veolia Environnement SA Chief Executive Officer Antoine Frerot confirmed he would deliver a sweetened bid to Engie SA for most of its shares in French waste and water group Suez SA ahead of a Wednesday deadline, rejecting any extension.
Frerot will communicate the improved offer for the 29.9% stake “at the right moment” and before the existing proposal of 15.50 euros ($18.03) a share runs out at the end of the month, he told Le Journal du Dimanche newspaper in an interview.