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Company News

France's Veolia does not rule out hostile bid for Suez - CEO

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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