PARIS (Reuters) - French waste and water management company Suez SEVI.PA said on Sunday its board still considered Veolia's takeover approach as a hostile move, despite the company's conciliatory overtures.
Earlier on Sunday Veolia said it was committed to not launching a hostile bid for the remaining shares in Suez if it concludes a deal to buy a 29.9% stake in the company from Engie ENGIE.PA, and would endeavour to get Suez's approval.
In a letter sent to Veolia’s chairman and CEO and made public, Suez Chairman Philippe Varin said the board had met on Sunday and had taken the view that Veolia’s approach remained a hostile one.
Reporting by Gwenaelle Barzic, Writing by Sarah White, Editing by Mathieu Rosemain
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