By Mauro Orru

Suez SA said Tuesday that its workers' unions signed an agreement whereby employee consultations should take place by the end of May 2021 to unlock a court-ordered suspension of Veolia Environnement SA's purchase of a stake in Suez.

The French waste-management company said on Nov. 19 that the Paris Court of Appeal confirmed a decision suspending Veolia's acquisition of a 29.9% stake in Suez from Engie SA because no committee consultation had been completed.

Veolia had previously confirmed that it planned to make a full takeover bid for Suez, which also remains on hold pending consultations with 99 social and economic committees.

Suez said Tuesday that the court had once again confirmed the suspension.

Veolia didn't immediately respond to a request for comment.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

December 08, 2020 06:38 ET (11:38 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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