By Pietro Lombardi

Suez SA has criticized the new offer put forward by Veolia Environnement SA to buy Engie SA's 29.9% stake in Suez.

The terms of the new offer are still "vague" and "do not guarantee the interests of the shareholders and stakeholders," the French waste-management company said Wednesday.

The company asked shareholder Engie not to take a decision under Veolia's terms and timetable.

"The board is actively pursuing its work in order to enable the announcement, as soon as possible, of a solution that will suit all Suez shareholders," it said.

On Wednesday, Veolia increased its offer to Engie to 18 euros ($21.14) for each Suez share, from a previous offer of EUR15.50 a share. 



  Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10