Suez CEO Says a Merger With Veolia Would Destroy a Lot of Value

Suez SA’s push to revive growth shouldn’t include pursuing a merger with water and waste-treatment rival Veolia Environnement SA, said Chief Executive Officer Jean-Louis Chaussade.

A combination with the larger French company would “destroy a lot of value because you will have to sell a lot of assets” to resolve antitrust concerns, Chaussade said Thursday in an interview with Bloomberg Television. “I’m not sure that politically, especially in Europe and in France, it’s something which seems reasonable.”