Suez completed the acquisition of Suez's UK waste business from Veolia for £2bn.

Suez, a French-based utility company, completed the acquisition of Suez's UK waste business from Veolia, a provider of solutions for ecological transformation, for £2bn ($2.4bn). “The progress of the merger with Suez, which began last January, continues to demonstrate the relevance and value-creation capacity of our project to create the global champion of ecological transformation in the context of a strong climate and ecological emergency. The cash proceeds from the antitrust divestments will allow us to reduce the debt leverage and will provide Veolia with additional capacity to finance growth in high value-added markets. We are satisfied that this disposal addresses the main concerns of the UK competition authority. The UK will remain an important region for Veolia where we will continue to implement sustainable and competitive ecological transformation solutions as a leading player in the local waste management market with revenues of €2bn ($2bn),” Estelle Brachlianoff, Veolia CEO.