SZEVF - Veolia could raise bid for Suez stake says CEO

In an interview, Veolia' ([[VEOEF]]) CEO Antoine Frerot said it will not rule out increasing the price it has offered for ~30% stake in Suez ([[SZEVF]]), owned by Engie, with a view to subsequently taking full control of Suez by buying up more shares.“Increasing the bid price is part of the possibilities,” Veolia CEO Frerot said on BFM Business radio, adding he would meet on Thursday with Jean-Pierre Clamadieu, board chairman Engie, Suez’s biggest shareholder.Engie rejected Veolia’s initial advance but has said it will consider a higher offer.Anticipating possible antitrust hurdles, Veolia has already said it would sell Suez’s French water activities to Meridiam Infrastructure, in case the acquisition materializes.Source

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Veolia could raise bid for Suez stake, says CEO