The Competition and Markets Authority or CMA in the UK has found that the merger of Veolia (VE) and Suez could lead to a loss of competition in the supply of several waste and water management services. This could lead to councils paying higher prices, with a knock-on effect on taxpayers, the CMA said.
Veolia and Suez have 5 working days to submit proposals to address the CMA's concerns. The CMA noted that, if suitable proposals are not submitted, the deal will be referred for an in-depth phase 2 investigation.
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