Veolia Environnement has agreed to sell Suez’s UK waste business to Macquarie for 2.4 billion euros ($2.44 billion) after concerns were raised by the country’s antitrust authorities, the agency said. Bloomberg. The sale is the latest step in Veolia’s acquisition of a large stake in French rival Suez, completed elsewhere in the world earlier in […]
Tag: Suez
EU gives ‘green light’ for Veolia’s € 13 billion merger with Suez
The “green light” for the merger of the French water and waste management company Veolia with the competing company Suez, amounting to 13 billion euros, on the condition of selling certain assets of the two companies in order to allay competition concerns, was given on Tuesday. European Union Competition Commission. The aim of the merger […]
Veolia: Optimistic about getting merger approval with Suez
French water and waste management company Veolia estimates it will receive approval from European antitrust authorities for its merger with rival Suez on December 14 as the two companies offered additional sales assets to allay competition concerns, Reuters sources said. . The new concessions, submitted to the EU this week, are limited in scope and […]
Suez Receives Friendly Takeover Proposal From Ardian & GIP Amid Takeover Fight With Veolia
French water giant Suez has been facing a takeover attempt by its rival Veolia Environnement SA for months. Now, Suez has received an alternate friendly proposal from two private equity firms, Ardian and Global Infrastructure Partners, at the same price as Veolia.