SZEVF - Veolia Suez tie-up poised to win EU antitrust approval - Reuters

Veolia (OTCPK:VEOEY) and Suez (OTCPK:SZEVY) are set to secure antitrust approval from the European Union for their €13B ($14.7B) merger deal, Reuters reports. To satisfy competition concerns, the companies will spin off Suez's French water and waste activities and some international assets into a new entity called "New Suez." According to Reuters, New Suez is now under review by the EU competition enforcer as a simplified merger deal, meaning approval is very likely to be a foregone conclusion. Additional remedies include the sale of some Veolia small industrial water treatment assets and Suez's assets in the field of industrial hazardous waste treatment, Reuters says. A successful deal would end a long-running and bitter takeover battle between the two French companies.

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Veolia, Suez tie-up poised to win EU antitrust approval - Reuters