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Veolia-Suez deal wins conditional regulatory backing in Australia

( December 20, 2021, 23:33 GMT | Official Statement) -- MLex Summary: Veolia's bid for Suez can proceed in Australia, after the country's competition regulator said it wouldn't oppose the deal, subject to proposed divestiture undertakings from Veolia. In a statement today, the Australian Competition & Consumer Commission said it considered the proposed acquisition wasn't likely to substantially lessen competition. The ACCC had been previously been concerned that the proposed acquisition would likely lead to higher prices or decreased services for national and multi-regional commercial and industrial customers for putrescible waste.The full statement from the ACCC is below; the ACCC's decision summary follows. ...

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