U.K. CMA to Refer Veolia, Suez Deal to In-Depth Investigation

Competition and Markets Authority says Veolia would not be offering any undertakings to address competition concerns, according to statement.

• CMA has therefore decided to refer this merger for a phase 2 investigation
• NOTE: U.K. CMA Says Veolia, Suez Deal Raises Concerns; Seeks Proposals

NOTE

• Suez SA rose 0.3% to EU20 as of last close
  • The average 12-month price target of 20 euros is 1.7% below the current price
  • 4 holds, 2 sells, 0 buys
• Veolia Environnement SA fell 0.73% to EU31 as of last close
  • The average 12-month price target of 36 euros is 15% above the current price
  • 7 ...