Suez: offer for UK businesses

(CercleFinance.com) - The Financial Times says that Suez would like to sell its former waste activities in the UK.


This operation would be carried out in the event that the British competition authority blocks the takeover by Veolia.

The deal would be worth several hundred million pounds according to the FT. Invest Securities says that Suez would have a right of first refusal if this business were to be sold by Veolia.

Veolia is still waiting for the approval of the British regulator. The UK competition authority announced in mid-May that it was concerned about the economic consequences of the merger between Veolia and Suez. The Competition and Markets Authority (CMA) says its in-depth investigation has shown that the combination of the two French groups could lead to a weakening of competition in the UK waste and wastewater treatment market.


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