FT: Suez interested in buying back its British waste business

The French environmental services group Suez is preparing a bid to buy back its British waste management activities from Veolia, the "Financial Times" reported in mid-June, citing "two people familiar with the matter". Suez would be keen to buy the business back, "in a deal that would be worth several hundred million pounds", according to one of the paper's sources. Suez has right of first refusal for these activities and already agreed in early May to take over hazardous waste management assets in France which Veolia was required to sell by the EU Commission's Competition Directorate.

In mid-June, Veolia stated its intention to divest the UK operations to the British Competition and Markets authority (CMA)...

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