End of the “entente cordiale”

The shuffling of stakes in French water concessions between Veolia and Suez Environnement should be completed by Christmas. Who got the better deal?

The European Commission has given the go-ahead for Veolia and Lyonnaise des Eaux to re-allocate their holdings in nine jointly held water companies in France, paving the way for the deal to close by the end of the year.

The ruling marks an important step in the process to rationalise Veolia and Suez Environnement’s stakes in a series of ...

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