Engie will not take over Suez, future acquisition not ruled out (translated)
French energy company Engie [EPA:ENGI] will not take over utilities group Suez [EPA:SEV], reported Belgian daily De Tijd based on a quote by Engie CEO Isabelle Kocher. The quote was a reaction to rumors that Engie would buy the shares of Suez which it doesn't yet own.
Suez, formerly known as Suez Environnement, was until 2008 a subsidiary of Engie, at that time named GDF Suez. According to the report, however, Kocher did not rule out a future takeover.