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

Employees of Suez demonstrate in front of Engie headquarters at La Defense business and financial district in Courbevoie near Paris, France, September 22, 2020. REUTERS/Charles Platiau

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

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