Veolia CEO dismisses rumours of Suez Environnement merger discussions
Veolia Environnement (Veolia) CEO Antoine Frerot has dismissed speculation that the listed French utility group was in talks with competitor Suez Environnement regarding a merger, The Financial Timesreported.
Frerot said that Veolia was not in discussions regarding any deals, the item said.
The CEO added that he is not expecting any consolidation of the water and waste sector over the next 12 months, according to the report.
Veolia and Suez Environnement held exploratory discussions about a merger a number of years ago, and talk of the deal has emerged again, the item said.
Veolia’s market capitalisation currently stands at EUR 7.12bn (USD 8.67bn).
Source Financial Times