FILE PHOTO: A flag with a logo of Suez is seen at the Suez recycling site in Oree-d'Anjou, France, September 28, 2020. REUTERS/Stephane Mahe/File Photosaid 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 EngieIn 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.
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