Veolia: Optimistic about getting merger approval with Suez

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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 do not undermine the logic of the merger between the two French competitors, the sources said.

“Veolia is very confident that it will receive the approval of the Commission on December 14,” said one of the sources, adding that once the green light is given, Veolia will be able to complete the acquisition of Suez.

The two groups, which announced plans to merge € 13 billion last April after a long dispute, have already announced they will split Suez’s French water and waste business and some international assets into a new entity. is called “New Suez”.

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Source From: Capital

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