1659 GMT - Veolia is among the most-mentioned companies across news items in the past 12 hours, according to Factiva data, after the company said that it would sell Suez's U.K. waste business to Macquarie Group for EUR2.4 billion. The deal addresses a request from the U.K. antitrust watchdog and is expected to generate earnings of 17 times 2021 Ebitda, the company said. The new, standalone Suez--housing a number of Suez businesses that were sold to satisfy the further EU competition concerns on the Veolia-Suez merger--said it would study the deal with Macquarie and decide whether to exercise its right of first refusal over the U.K. waste business. Dow Jones & Co. owns Factiva. (cecilia.butini@wsj.com)

 

(END) Dow Jones Newswires

August 08, 2022 13:14 ET (17:14 GMT)

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Veolia Environnement (EU:VIE)
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