REG - Competition and Mkts - Merger Update: Veolia/Suez

Veolia Environnement SAAnnouncement

21/12/2021 08:00

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RNS Number : 1708W  Competition and Markets Authority  21 December 2021

Merger reference decision announced:

 

On 7 December 2021, the CMA decided that it was or may be the case that the
following Merger has resulted or may be expected to result in a substantial
lessening of competition within a market or markets in the United Kingdom.

 

Completed acquisition by Veolia Environnement S.A. of a minority shareholding
in Suez S.A. and anticipated public takeover bid by Veolia Environnement S.A.
for the remaining share capital of Suez S.A.

 

Pursuant to section 73A(1) of the Act, Acquirer had until 14 December 2021 to
offer an undertaking to the CMA that might be accepted by the CMA under
section 73(2) of the Enterprise Act 2004 (the Act). On 14 December 2021 the
Acquirer informed the CMA that it would not be offering any undertakings. The
CMA has therefore decided to refer this Merger for a phase 2 investigation
pursuant to sections 33(1) and 34ZA(2) of the Act.

 

The text of this decision will be placed on the Competition and Markets
Authority's website at https://www.gov.uk/cma-cases
(https://www.gov.uk/cma-cases) as soon as is reasonably practicable.

 

For media enquiries, please contact the CMA press office on 020 3738 6460 or
press@cma.gov.uk (mailto:press@cma.gov.uk) .

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