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SUEZ: acquisition of the hazardous waste assets in France from Veolia
SUEZ and Veolia announce the signing of an agreement for the acquisition by SUEZ of all the hazardous waste assets in France as part of the commitments made by Veolia to address the European Commission competition concerns. The assets represent an enterprise value of 690 million euros.
The agreement is formalized through a unilateral put option, which will allow the parties to complete the transaction, as well as the consultation process with Veolia's employee representative bodies and to obtain the necessary regulatory approvals. The transaction will be carried out in line with all the social commitments announced by the two groups.