Veolia and Suez Announce $15 Billion Merger Deal to Help Compete With Global Challengers From China

Veolia and Suez Announce $15 Billion Merger Deal to Help Compete With Global Challengers From China
Rupert Steiner
·3 min read

Shares in (SEV) increased 7.57% and (VIE) Environment 4% in morning trading, after the two water and waste management companies ended a bitter battle to join together in a $15 billion merger plan. The potential deal values Suez at €20.50 ($24.4) a share, which is a premium to the original €15.5 price offered last August. The rationale for a potential merger is that the pair, bitter rivals since the 19th century, would be better able to compete with global challengers from China.