In a major development today, the CMA published Veolia’s response to the CMA’s provisional decision last month to block the takeover of Suez. A notice of possible remedies was also published, which outlined the divestiture of Suez’s assets as a possible solution if the ruling becomes final.
Mr Scanlon said that while he won’t comment on Veolia’s response, he was pleased to see the progress being made.
“We welcome the progress being made between Veolia and the CMA towards allowing both companies to move forward,” he said.
Mr Scanlon added: “A final decision is still to be made by the CMA by 17 July and shortly thereafter we will all know the outcome and next steps. It is an exciting time for our continuously evolving industry and we look forward to continuing the journey in line with our vision of ‘living in a world where there is no more waste’.
“In the meantime we will continue to support both the next stage of the CMA process as we have supported the process to date, and also all of our customers across the whole of the UK.”
Progress
Veolia said that while it refutes the CMA’s findings, it has prepared for the sale of Suez’s waste operations in the UK if the ruling becomes final.
One anonymous company, named Company X, told the CMA that it would be “a suitable purchaser” if Suez was to be sold (see letsrecycle.com story).
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