PARIS, Sept 30 (Reuters) - French waste and water management Veolia’s CEO Antoine Frerot said on Wednesday that the company could launch a hostile bid to buy the bulk of Engie’s stake in Suez.
Frerot told reporters that a hostile bid on Suez was not the preferred scenario.
Veolia raised its offer to buy a 29.9% stake in smaller rival Suez to 18 euros per share from 15.5 euros per share.
Engie owns almost 32% of Suez. (Reporting by Gwenaelle Barzic and Sarah White; Writing by Matthieu Protard; editing by Louise Heavens)
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