ENGI Engie

   By Olivier Pinaud 
 

Private equity firms Ardian and Antin Infrastructure Partners are still interested in Suez SA but haven't made any firm offers for a stake in the French waste and water management company.

The announcement comes after French daily Le Figaro reported that Ardian made an offer of 18.5 euros a share ($21.84) for a 29.9% stake in the company to the Suez board of directors in September, before effectively pulling out on Oct. 5 to allow time for discussions.

Veolia Environnement SA bought a 29.9% stake in Suez from Engie SA and is planning a takeover of the company, a move which Suez opposes.

Ardian said Friday that it is monitoring the situation although it confirmed it hasn't made any offers.

Antin Infrastructure Partners expressed its interest in Suez in September. A source close to the firm told Agefi-Dow Jones that its position hasn't changed.

This story was translated in whole or in part from a French-language version initially published by L'Agefi-Dow Jones.

Write to Olivier Pinaud at opinaud@agefi.fr and Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

November 13, 2020 04:56 ET (09:56 GMT)

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