Macquarie Bank to purchase UK Suez

  • 08.08.2022
  • Reuters

French waste and water management company Veolia Environnement SA is nearing a deal to sell Suez SA's UK waste business to Australia's Macquarie Group Ltd for about 2.5 billion euros ($2.5 billion), Bloomberg News reported on Sunday.

An investor group led by Meridiam SAS and Global Infrastructure Partners, which bought Suez's business in France and several other countries, has the right to make an offer for the Suez UK assets by matching the price Macquarie is offering, Bloomberg said.

Veolia said in June this year it was proposing to sell off its former rival, Suez's UK waste business, after Britain's Competition and Markets Authority (CMA) raised objections to the Veolia/Suez combination.