Suez-Veolia situation has moved in 'right direction': Le Maire

FILE PHOTO: Bruno Le Maire, French Minister of the Economy, Finance, and Recovery, wearing a protective face mask, speaks during a news conference to present French government 2021 budget following the weekly cabinet meeting at the Elysee Palace in Paris, France, September 28, 2020. REUTERS/Benoit Tessier

PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Thursday the Suez-Veolia situation was moving in the “right direction”.

Le Maire was speaking at a news event after French utility Engie ENGIE.PA on Wednesday moved closer to selling its 29.9% stake in Suez to Veolia VIE.PA, as it welcomed a sweetened 3.4 billion euro offer ($4 billion) and obtained extra time to seal the deal.

Reporting by Leigh Thomas, Dominique Vidalon; editing by Jason Neely