Veolia Environnement must sell three of its UK businesses because of competition concerns related to its merger with Suez, Britain’s antitrust authority said on Thursday after an investigation.
The competition and markets authority has ruled that French utility Veolia must sell large parts of the merged business, including its UK waste management, water management and maintenance services operations, and Veolia’s mobile water service business.
These include almost all of the overlap between Veolia and Suez’s competing UK operations.
Prior to the merger, the two companies were two of the largest providers of waste management services in the UK.
Source: Capital
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