04-10-2020 14:36 via uk.finance.yahoo.com

Suez rebuffs Veolia's assurances it will not make hostile bid

French utility Suezon Sunday rejected assurances from rival Veoliathat it will not make a hostile bid for the whole company after closing in on a deal to buy a 29.2% stake from power group Engie .Veoliasaid it would not launch a hostile bid for the remaining shares in Suez and that any bid for the rest of the shares would require approval from Suez's board.Veolia had moved closer to a deal to buy Engie's 29.9% stake in Suez on Wednesday, in a prelude to a full takeover bid and marking a breakthr
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