The CEO of Veolia, who seeks to get his hands on Suez, described Thursday as "
pitiful
" the decision of his rival to create a legal device making its French Water branch unassignable for four years.
Read also: Suez finds a solution to complicate Veolia's takeover bid
It is a "
last somewhat pitiful maneuver of desertion and of transfer abroad of the Water France activity
", declared Antoine Frérot on BFM Business, reacting to the decision of Suez Wednesday evening to place this branch under the responsibility a foundation under Dutch law specially created to make inalienable any transfer of the activity without the consent of the shareholders.
