Veolia on Sunday rejected the new conditions set by Suez to support its takeover bid, thus ruling out the possibility of a truce between the two French water and waste groups.

Veolia on Sunday rejected the new conditions set by Suez to support its takeover bid, thus ruling out the possibility of a truce between the two French water and waste groups.

"Veolia is not interested in the dismantling of Suez", reacted in a press release the group, engaged in a hostile takeover offer from its competitor, which had less than two hours earlier set requirements in terms of price and perimeter.