Veolia moves to sell SUEZ UK

Responding to the Competition and Markets Authority’s (CMA) concerns regarding the merger of the two companies, Veolia has proposed the sale of SUEZ’s UK waste business.

Original findings from the CMA suggested that the merge would ‘result in a substantial lessening of competition’, potentially reducing options for local councils and businesses when procuring key waste and water management services. In regards to this, the CMA announced that a merger would lead to ‘more costly and lower quality services, and in turn, to higher council tax bills’.

Since these provisional findings, Veolia has revealed ‘its intention to sell all of SUEZ’s waste activities in [the UK]’, asserting that this ‘drastic decision’ is ‘an effective response to the intransigence of the CMA’.