Veolia CEO tells Le Figaro paper that Suez deal still possible

Antoine Frerot, the chairman and chief executive of French utility Veolia (PA:VIE), told Le Figaro newspaper in an interview published on Wednesday that a deal with its bid target Suez (PA:SEVI) was still possible.

“We can arrive at an agreement with Suez,” Frerot told the paper, adding he thought another two or three months of talks could result in a deal being reached with Suez.

Veolia has already secured 30% of the capital of its rival Suez and stands ready to launch an offer on the remainder of the shares but the month-long battle appears far from over as the target strongly reaffirmed its refusal to yield.

Source: Veolia CEO tells Le Figaro paper that Suez deal still possible By Reuters

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