Veolia to Sell Suez Recycling and Recovery UK Group to Macquarie for €2.4bn

August 8, 2022

Veolia has executed a unilateral put agreement for Macquarie Asset Management to acquire 100% of Suez Recycling and Recovery UK Group (Suez’s UK waste business) for approximately €2.4 billion. The deal is subject to UK Competition and Markets Authority (CMA) approval and other agreed conditions, following Veolia’s 2021 Suez takeover and associated antitrust divestment program.

Buyers
Macquarie Asset Management
Targets
Suez Recycling and Recovery UK Group
Sellers
Veolia
Platforms
Location
United Kingdom
Transaction Type
Divestiture

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