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Veolia CEO tells Le Figaro paper that Suez deal still possible - Metro US

Veolia CEO tells Le Figaro paper that Suez deal still possible

FILE PHOTO: Antoine Frerot, Chairman and CEO of Veolia SA, attends a signing ceremony with EDF at the World Nuclear Exhibition (WNE), the trade fair event for the global nuclear community in Villepinte

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

(Reporting by Sudip Kar-Gupta, editing by Louise Heavens)

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