Reuters reveals Veolia, Suez $14.7 bln tie-up to win EU antitrust approval; market reacts


Shares of French waste and water management companies Veolia and Suez more than doubled gains – with Veolia gaining 1.5% in late trade – after Reuters exclusively reported that the two firms are set to secure EU antitrust approval for their 13 billion euro ($14.7 billion) tie-up, which will help them compete with Chinese rivals. The Reuters story came amid investor jitters triggered by the UK antitrust agency’s demands for remedies a day earlier.

Article Tags

Topics of Interest: Deals

Type: Reuters Best

Sectors: Business & FinanceEquities

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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