By Olivia Bugault The U.K. competition and markets authority, known as CMA, said Tuesday that it has announced to French waste-and-water-management companies Suez SA and Veolia Environnement SA that it has launched a merger inquiry into their deal.
The CMA"is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation.""If so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services," it said.The takeover of Suez by Veolia was agreed by both companies earlier this year.
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this is terrible news