/European Commission approves purchase of Suez by Veolia
European Commission approves purchase of Suez by Veolia

European Commission approves purchase of Suez by Veolia

The European Commission today authorized the proposed purchase of Suez by Veolia, French companies in the water and waste treatment sector, on condition that Veolia fulfills a series of conditions to safeguard competition.

The Commission recalled that the two companies offer a wide range of services to municipal and industrial customers and compete in the design and construction of water sanitation system installations, operation and maintenance, and supply of chemicals for water treatment.

They are also rivals in the collection and treatment of hazardous, regulated and non-hazardous waste.

In April, Veolia and Suez announced an agreement for the former to launch a takeover bid for the merger of various activities.

After completing the acquisition, the resulting conglomerate should have an annual turnover of 37 billion euros, which compares with the 26 billion billed by Veolia in 2020.

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