Business & Finance

Reuters exclusively reports Schwarz set to win EU antitrust okay for Suez asset buy

Reuters exclusively reported that French waste and water management company Suez is set to get a green light from the European Union to sell its recycling business in four EU countries to Lidl-owner Schwarz. Suez announced in September the sale of its Recycling & Recovery operations in the Netherlands, Luxembourg, Germany and Poland to Schwarz as part of its 2030 strategic plan. Schwarz, whose PreZero environmental division is making the acquisition, last month offered to sell assets to address the European Commission’s competition concerns, sources had told Reuters.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Europe
Countries: France
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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