French water and waste group Veolia has said it will sell the British waste business of recycling group Suez to Macquarie Asset Management for €2.4bn following pressure from the UK’s competition watchdog. Suez said in a statement on Monday that it “confirmed its interest in acquiring” the assets and “will study in detail the terms of the agreement” before deciding “whether or not to exercise its right of first refusal”.
Government to use new powers to scrutinise sale of critical energy infrastructure by National Grid to Macquarie-led group