Veolia chief pledges no Suez job losses under offer plan | Reuters

Veolia’s offer to acquire a stake in fellow French waste and water management group Suez will bring “no risk of job losses” at Suez, Veolia Chairman and Chief Executive Antoine Frerot said in an interview with newspaper Les Echos.

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.”

The offer has been rejected by Suez. Reporting by Gus Trompiz, Editing by William Maclean

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