(CercleFinance.com) – Veolia announces that it has announced its intention to sell all of Suez’s waste activities in the United Kingdom to the Competition & Markets Authority (CMA), the British competition authority.
According to the group, these disposals will free up significant capacity to finance new developments, particularly in the energy sector, which will enable it to regain a balanced portfolio of activities between water, energy and waste. .
In addition, “this radical decision is likely to respond effectively to the intransigence of the CMA, whose analysis of the markets concerned is disputed by Veolia and deplores the lack of sharing of the issues related to our sectors of activity”, adds Veolia .
This sale will finally make it possible to reduce the Group’s debt more quickly, leaving, as the end of Impact 2023 approaches, Veolia is ‘more agile than ever’ at the start of a new strategic program which will place innovation at the center of its growth model for the future.