By Nathan Allen 
 

Engie SA (ENGI.FR) said Tuesday that its board of directors has decided to maintain its current 32% stake in Suez SA (SEV.FR), confirming earlier media reports.

Engie said it wanted to strengthen the industrial and commercial collaboration between the two groups but wouldn't increase its stake in the waste-and-water treatment company.

Financial analysts had previously speculated that Engie might push for a full takeover of Suez.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

December 11, 2018 11:13 ET (16:13 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.