In-depth investigation into Veolia’s acquisition of Suez announced

The Competition and Markets Authority (CMA) has announced an in-depth investigation into the completed acquisition by Veolia Environement S.A. of a minority shareholding in Suez S.A. and the anticipated public takeover bid by Veolia Environnement S.A. for the remaining share capital of Suez S.A.

Late last year the CMA had already taken the decision to refer the merger for a phase 2 investigation unless the parties could offer acceptable undertakings to address these competition concerns.