Veolia: Difference between revisions
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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 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>. | ||
The relative position of the top 5 waste companies, by turnover, is as follows: | |||
{| class="wikitable" | {| class="wikitable" | ||
|- | |- | ||
! Company !! Turnover million GBP | ! Company !! Turnover (million GBP) Most Recently Reported !! Note On Source and Date for Most Recently Reported | ||
|- | |- | ||
| [[Veolia]] || 1, | | [[Veolia]] ||1,719 ||[[Veolia|Veolia Environmental Services (UK) Ltd]] only, as per financial year report ending December 2021<ref>Companies House: Veolia Environmental Services (UK)</ref> | ||
|- | |- | ||
| [[Biffa]]|| 1, | | [[Biffa]]|| 1,364 ||turnover shown net of landfill tax as per financial year report ending March 2022<ref>Companies House: Biffa Group Holdings (UK) Ltd</ref> | ||
|- | |- | ||
| [[ | | [[FCC]] || 795 ||as per proportion of Annual Report 2022 by the Group<ref>Companies House: FCC Environment (UK) Ltd reported £552m turnover year end December 2022</ref> | ||
|- | |- | ||
|[[ | | [[Suez]] || 765 ||as per accounts ending December 2022<ref>Companies House: Suez Recycling and Recovery UK Ltd</ref> | ||
|- | |- | ||
| [[ | |[[Viridor]] || 672 ||as per accounts published for year end March 2023<ref>Companies House: Viridor Ltd</ref> | ||
|} | |} | ||