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12/7/2021, 8:33 AM (Source: TeleTrader)
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UK: SUEZ, Veolia merger causes competition concerns

The United Kingdom Competition and Markets Authority reported on Tuesday that the announced merger between SUEZ S.A. and Veolia Environnement S.A. raises competition concerns.

The regulator noted that the merger could lead to higher prices and lower quality of waste management services across the UK, with there also being a knock-on effect on taxpayers having to pay larger fees.

The two companies have five working days to submit a proposal on how to avoid these issues, and if they do not the watchdog will begin an in-depth investigation which could lead to the cancellation of the merger.

Baha Breaking the News (BBN) / OL