Veolia’s Talks With Suez Environnement Have Ended, Frerot Says

Talks on closer ties between Veolia Environnement SA and Suez Environnement ended because antitrust authorities wouldn’t have allowed an agreement for their French businesses, Veolia Chief Executive Officer Antoine Frerot said.

The CEO, speaking at an annual shareholders’ meeting in Paris, called the discussions between the two French water companies “an old story” that happened six months ago. He also reiterated that closer ties between the utilities would have made sense outside France.

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