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Veolia CEO Blames Suez for Lack of Talks on Takeover

  • Utility is determined to pursue plan to buy its French rival
  • Suez has closed above Veolia’s offer price since March 19

Veolia Environnement SA‘s Chief Executive Officer Antoine Frerot blamed Suez SA for the continuing stalemate over his takeover proposal.

The French water and waste utility is offering “a very good price,” and the counterproposal from Suez, which involves two private-equity firms, was only aimed at thwarting Veolia, he said.