The CMA has today required Veolia to sell 3 businesses after an in-depth merger investigation concluded the merger gives rise to competition concerns in a number of markets.
Britain’s Competition and Markets Authority (CMA) said its decision would “protect councils and businesses from likely higher prices and lower-quality services.”
Suez’s UK waste management services business, Suez’s UK industrial water operation business and Veolia’s European mobile water services business must all be sold to buyers approved by the CMA, it said.
“We will now work with Veolia to ensure that appropriate buyers are found so that business, councils – and ultimately taxpayers – will not lose out,” Stuart McIntosh, chair of the CMA inquiry group, said.
Veolia and Suez’s 13 billion euro ($13 billion) tie-up won approval from the European Union in December, after a months-long legal dispute, and the deal closed in January.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK’s CMA Investigates Education Software Company for Market Abuse
May 14, 2024 by
CPI
Schumer Urges FTC Caution on Chevron’s $53B Hess Deal Over Gas Price Fears
May 14, 2024 by
CPI
Amazon Urges US Judge to Block FTC Probe into Data Preservation
May 14, 2024 by
CPI
Colorado Makes History: First State to Enact Comprehensive AI Legislation
May 14, 2024 by
CPI
Class Action Settlement Reached in Cheerleading Monopoly
May 14, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI