William Eichler 06 December 2022

Veolia completes £2bn SUEZ UK sale

Veolia completes £2bn SUEZ UK sale image
Image: Brett Hondow / Shutterstock.com.

Veolia has announced the completion of its sale of SUEZ recycling and recovery UK back to the French-owned Suez.

The £2bn sale means that Veolia is able to comply with an order from the Competition and Markets Authority, which said the merger would lessen competition in the UK market.

Suez is now set to become the third largest waste recycling and recovery company in the UK after Veolia and Biffa.

The acquisition brings around 6,000 employees into the SUEZ workforce. The business they operate generates an annual turnover of more than £900m. Confirming the sale, Veolia said the £2bn price represented an ‘attractive valuation’.

John Scanlon, SUEZ recycling and recovery UK CEO, said: ‘As a business we have a wealth of expertise and knowledge in delivering new treatment infrastructure and transforming services, which we look forward to sharing with our new colleagues at SUEZ.

‘Our return to the Group comes at a pivotal time for the UK resources sector, with the long-awaited detail of Government reforms to extended producer responsibility and consistency in collections expected soon.’

This article was first published by LAPV.

SIGN UP
For your free daily news bulletin
Highways jobs

Family Support Worker

Durham County Council
Grade 6 - £27,269 - £30,060 (Pay award pending)
Do you have a real passion for helping families to make positive changes for themselves and their children? This might be the right role for you!   WH Durham
Recuriter: Durham County Council

Clerical Officer Receptionist

Durham County Council
Grade 3 £24,404 - £25,183 Pro Rata to hours worked Pay award pending
WHAT IS INVOLVED? We are looking to appoint a part time Clerical officer/Receptionist within Business Services to provide a professional, effective a Durham
Recuriter: Durham County Council

Administration Assistant

Durham County Council
£25,584 - £27,711 pro rata
Administration Assistant Grade 5    £25,584 - £27,711 pro rata Temporary – required from 1st October 2025 until 31 December 2025 37 hours per week, Te Consett
Recuriter: Durham County Council

Support Assistant

Durham County Council
£24,027 pro rata
Support Assistant Grade 1 £24,027 pro rata Temporary – required from 1st October 2025 until 31st October 2026 Part Time, 32.5 hours Mon - Fri 9am -4pm Consett
Recuriter: Durham County Council

Lecturer in Foundation Learning -Maths, English and Digital

Durham County Council
Grade 9 £34,314 - £37,938 pro rata for part-time term time working PAY AWARD PENDING
The DurhamLearn Foundation Learning programme area delivers Digital Skills, English and Maths Functional Skills.   An opportunity has arisen for a Lec Durham
Recuriter: Durham County Council
Linkedin Banner