PARIS, Sept 30 (Reuters) - French waste and water management
Veolia said on Wednesday it raised its offer to buy a
29.9% stake in smaller rival Suez to 18 euros per
share from 15.5 euros per share.
The company also said in a statement that its intention to
launch a tender offer would only take place upon a favorable
recommendation of the board of directors of Suez.
Veolia offered last month to buy the bulk of Engie's
stake in Suez to create a "world champion of
Engie owns almost 32% of Suez.
(Reporting by Dominique Vidalon and Matthieu Protard, editing
by Louise Heavens)