A medical biologist, wearing protective suit and face mask, takes a blood sample for serological test on a garbage collector during a Covid-19 testing operation at Veolia waste collection site in Saint-Denis near Paris during the outbreak of the coronavirus disease (COVID-19) in France, May 7, 2020. REUTERS/Gonzalo Fuentes
PARIS: Veolia's offer to acquire a stake in fellow French waste and water management group Suez was based on an "industrial mirage" that would weaken Suez in France and overseas, according to Suez' chairman in an interview with French newspaper JDD.
Veolia offered on Aug. 30 to buy a 29.9% stake in Suez from French gas and power utility Engie for 2.9 billion euros ($3.4 billion), and, if successful, to then launch a full takeover bid to create a "world champion of ecological transformation."
Limited time offer:
Just RM5 per month.
