Frenchman Suez will have to start discussions with the president of Veolia-Engie

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FILE PHOTO: The SUEZ logo is seen on the company’s headquarters in the La Défense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS / Charles Platiau

PARIS (Reuters) – French waste and water management Suez’s SEVI.PA management will have to give in and start discussions with its biggest rival Veolia VIE.PA, Engie’s utility ENGIE.PA the president said on Tuesday.

Jean-Pierre Clamadieu also told parliamentarians that the French state had approved Engie’s new strategic decisions, which include the sale of financial stakes.

Engie owns nearly 32% of Suez and the French State holds a 23.6% stake in Engie.

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