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.