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Veolia: Difference between revisions
Update on CMA investigation
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More recent acquisitions in 2016, both out of administration, included both [[Boomeco]] (a [[Wood Waste]] and [[Refuse Derived Fuel]] processor and producer in Avonmouth)<ref>https://www.veolia.co.uk/press-releases/veolia-acquires-boomeco-business</ref>, and [[Closed Loop Recycling Ltd]] (a [[Plastic]] bottles recycling company in Dagenham<ref>https://waste-management-world.com/a/veolia-acquires-closed-loops-plastic-recycling-assets-in-east-london</ref>). | More recent acquisitions in 2016, both out of administration, included both [[Boomeco]] (a [[Wood Waste]] and [[Refuse Derived Fuel]] processor and producer in Avonmouth)<ref>https://www.veolia.co.uk/press-releases/veolia-acquires-boomeco-business</ref>, and [[Closed Loop Recycling Ltd]] (a [[Plastic]] bottles recycling company in Dagenham<ref>https://waste-management-world.com/a/veolia-acquires-closed-loops-plastic-recycling-assets-in-east-london</ref>). | ||
In August 2020 Veolia launched a process to acquire/merge with [[Suez]] via the acquisition of the shares owned by [[Energie]] in Suez (representing 32% of the company for 3.4bn Euros)<ref>[https://www.letsrecycle.com/news/latest-news/suez-veolia-je-taime-moi-non-plus/ Letsrecycle Article]</ref>. | In August 2020 Veolia launched a process to acquire/merge with [[Suez]] via the acquisition of the shares owned by [[Energie]] in Suez (representing 32% of the company for 3.4bn Euros)<ref>[https://www.letsrecycle.com/news/latest-news/suez-veolia-je-taime-moi-non-plus/ Letsrecycle Article]</ref>. This acquisition is being investigated by the UK's Competitions and Markets Authority (CMA) due to fears that the merger will result in less market competition due to the combined Veolia and Suez share of the current market <ref>https://www.letsrecycle.com/news/cma-expands-on-why-veolia-suez-merger-would-lessen-competition/</ref>. | ||
In 2017/18 the relative position of the top 5 waste companies<ref>https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/</ref>, by turnover, was as follows: | In 2017/18 the relative position of the top 5 waste companies<ref>https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/</ref>, by turnover, was as follows: | ||