Engie Pushes Back Deadline for Sale of Suez Stake to Veolia

(Bloomberg) — Engie SA pushed back the deadline for accepting Veolia Environnement SA’s 3.4 billion-euro ($4 billion) bid for most of its stake in Suez SA, though there were limited signs the delay would ease the tensions between the French corporate giants.



a sign on the side of a building: An Engie SA logo sits on display at the French energy giant’s Crigen gas, new energy and emerging technology research and development center in Stains, France, on Tuesday, Sept. 22, 2020. Veolia Environnement SA last month offered to buy 29.9% of Suez SA from French utility Engie for 2.9 billion euros ($3.4 billion), the first step to taking full control.


© Bloomberg
An Engie SA logo sits on display at the French energy giant’s Crigen gas, new energy and emerging technology research and development center in Stains, France, on Tuesday, Sept. 22, 2020. Veolia Environnement SA last month offered to buy 29.9% of Suez SA from French utility Engie for 2.9 billion euros ($3.4 billion), the first step to taking full control.

The extension to Oct. 5 gives Veolia extra time to formalize talks with Suez, potentially allowing for a smoother acquisition. But Suez has shown scant inclination to engage in discussions, saying Thursday it backed an alternative approach from private equity firm Ardian SAS — one that

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TikTok Pushes Back on Trump in Court While Angling for Deal

(Bloomberg) — TikTok’s Chinese owner asked a federal judge to stop President Donald Trump from enforcing a ban that would remove the viral video-sharing network from U.S. app stores this weekend.



a hand holding a cellphone: The TikTok logo is displayed in the app store in this arranged photograph in view of a video feed of U.S. President Donald Trump in London, U.K., on Monday, Aug. 3, 2020. TikTok has become a flash point among rising U.S.-China tensions in recent months as U.S. politicians raised concerns that parent company ByteDance Ltd. could be compelled to hand over American users data to Beijing or use the app to influence the 165 million Americans, and more than 2 billion users globally, who have downloaded it.


© Photographer: Bloomberg/Bloomberg
The TikTok logo is displayed in the app store in this arranged photograph in view of a video feed of U.S. President Donald Trump in London, U.K., on Monday, Aug. 3, 2020. TikTok has become a flash point among rising U.S.-China tensions in recent months as U.S. politicians raised concerns that parent company ByteDance Ltd. could be compelled to hand over American users data to Beijing or use the app to influence the 165 million Americans, and more than 2 billion users globally, who have downloaded it.

ByteDance Ltd. filed on Wednesday for a temporary block on the ban even as it continues to pursue approvals from the Trump administration for a sale of its U.S.

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