European Commission approves Veolia's takeover of Suez

On December 14, the European Commission officially approved Veolia's acquisition of SUEZ, which is the key to Veolia's completion of this merger and acquisition project and a decisive step to build a global ecological transformation benchmark enterprise
.
So far, the M&A has officially entered the countdown
.

Veolia has worked closely with the European Commission to address all competition-related issues:

First, in the commercial agreement between Veolia and a third-party consortium to create the new Suez, most of the assets that the European Commission judged to have competition problems were divested
.
The commercial agreement is signed with the investor consortium of Meridiam, GIP, La Caisse des Dépôts/CNP Assurances and is embodied in the merger agreement signed by Veolia and Suez in April 2021 and signed on 22 October 2021 in the purchase agreement
.

After the merger, the new SUEZ will have operating income of nearly 7 billion euros, including SUEZ's water and resource recovery business in France, international assets in Italy, Central Europe, Africa (including Morocco), Central Asia, India, China and Australia, as well as global Digital and environmental business
.

Secondly, to meet the requirements of the European Commission for certain other markets, Veolia has also given some additional remedies in the areas of industrial water, mobility solutions and special industrial waste
.

Given that the only conditions precedent to the tender offer for SUEZ shares at a price of EUR 19.
85 per share have been fulfilled, with the closing date of the takeover offer fixed by the French competition authority AMF as 7 January 2022 between Veolia and SUEZ The merger enters the final stage
.

The proposed merger has been approved by 15 of 18 national and regional authorities, and competition authorities in Chile, the United Kingdom and Australia are still under review
.