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EU regulators okay with circumstances $14.7 billion Veolia, Suez deal By Reuters

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© Reuters. FILE PHOTO: The emblem of Suez is seen on the corporate headquarters at La Protection enterprise and monetary district in Courbevoie close to Paris, France, April 12, 2021. REUTERS/Gonzalo Fuentes/File Picture

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BRUSSELS (Reuters) – EU antitrust regulators cleared on Tuesday French waste and water administration firm Veolia’s 13-billion-euro ($14.70 billion) tie-up with rival Suez conditional on the businesses’ gross sales of property to allay competitors considerations.

Reuters completely reported final week that the deal would obtain the EU inexperienced gentle after tweaks to treatments from the businesses.

The European Fee stated an intensive package deal of asset gross sales addressed all its considerations in regards to the deal.

Cures proposed by the businesses embrace hiving off Suez’s French water and waste actions and a few worldwide property into a brand new entity known as “New Suez” whose shareholders are Meridiam and International Infrastructure Companions, state-backed Caisse des Depots and CNP Assurances.

($1 = 0.8843 euros)

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