By Pietro Lombardi 
 

Suez SA has criticized the new offer put forward by Veolia Environnement SA to buy Engie SA's 29.9% stake in Suez.

The terms of the new offer are still "vague" and "do not guarantee the interests of the shareholders and stakeholders," the French waste-management company said Wednesday.

The company asked shareholder Engie not to take a decision under Veolia's terms and timetable.

"The board is actively pursuing its work in order to enable the announcement, as soon as possible, of a solution that will suit all Suez shareholders," it said.

On Wednesday, Veolia increased its offer to Engie to 18 euros ($21.14) for each Suez share, from a previous offer of EUR15.50 a share.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10

 

(END) Dow Jones Newswires

September 30, 2020 07:49 ET (11:49 GMT)

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