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.
Reuters reveals Veolia, Suez $14.7 bln tie-up to win EU antitrust approval; market reacts
09 December 2021, 7:54 pm. 1 minute
Shares of Veolia and Suez more than doubled gains – with Veolia gaining 1.5% in late trade – after the Reuters report was published.
Topics of Interest: Deals
Type: Reuters Best
Sectors: Business & FinanceEquities
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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