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Veolia CEO Ferot rules out extending expiry deadline for Suez stake bid

·1-min read
Suez unions call employees to protest against Veolia takeover plan in La Defense
Suez unions call employees to protest against Veolia takeover plan in La Defense

PARIS (Reuters) - The head of French water and waste management company Veolia <VIE.PA> ruled out on Wednesday extending the deadline for the expiry of its bid for a stake in rival Suez <SEVI.PA>.

"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 <ENGIE.PA>, with a view to subsequently taking full control of Suez by buying up more shares. The deadline for Veolia's bid is Sept.30

(Reporting by Bertrand Boucey, Writing by Dominique Vidalon,; Editing by Louise Heavens)