The chief executive of French water company Veolia Environnement SA publicly identified the utility’s second-biggest shareholder and his predecessor today for two attempts to engineer his ouster in as many years.
Veolia Environnement SA, Europe’s largest water utility, advanced the most in six months in Paris trading after forecasting higher profit this year and proposing the renewal of Chief Executive Officer Antoine Frerot’s term.
U.S. stocks climbed, with the Standard & Poor’s 500 Index rising to a record, as Federal Reserve Chair Janet Yellen said the central bank may alter its strategy on stimulus cuts should the economy weaken. The yen gained on worsening Ukraine tensions while sugar surged.
Mubadala Development Co., owned by the government of Abu Dhabi, received bids from GDF Suez and a unit of Veolia Environnement SA to buy cooling operations in the emirate, according to two people familiar with the matter.