Latest News for: Suez deal

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Competition concerns force Veolia into waste sector sale

The Times/The Sunday Times 09 Aug 2022
The French utility has signed off on a deal to sell Suez UK’s waste business to Macquarie, the Australian bank.Sponsored. Veolia and Suez came together ...
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NRG Matters - Egypt adopts green energy strategy; DEWA adopts AI to improve services

Arab News 09 Aug 2022
RIYADH. On a macro level, the Egyptian government has devised a strategy to boost green energy production ... Looking at the bigger picture ... It noted that Egypt has signed several deals with global companies for green hydrogen production in the Suez Canal Economic Zone ... ....
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Egypt In-Focus: Oil expansion project; Renewable energy; Stock market down

Arab News 09 Aug 2022
CAIRO ... Renewable energy. Egypt is determined to become the region’s main exporter and producer of green energy. Through $40 billion-worth of deals with international companies, projects in the Suez Canal economic zone are expected to flourish in the production of green hydrogen by 2030, reported Egypt today ... ....
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French utility Veolia agrees to sell Suez UK assets to Macquarie for 2.4 billion euros

FX Empire 08 Aug 2022
PARIS (Reuters) – French utility company Veolia confirmed it would sell Suez’s UK waste business to Australia’s Macquarie Group Ltd for around 2.4 billion euros ($2.4 billion), in a deal aimed at resolving antitrust concerns ... The deal was later closed on Jan. 7, with Veolia controlling 86% of Suez.
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French utility Veolia agrees to sell Suez UK assets to Macquarie for 2.4 bln euros

Reuters 08 Aug 2022
PARIS, Aug 8 (Reuters) - French utility company Veolia confirmed it would sell Suez's UK waste business to Australia's Macquarie Group Ltd (MQG.AX) for around 2.4 billion euros ($2.4 billion), in a deal aimed at resolving antitrust concerns ... The deal was later closed on Jan. 7, with Veolia controlling 86% of Suez.
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Veolia to sell Suez UK waste business to Macquarie for €2.4bn

The Observer 08 Aug 2022
Veolia, which agreed a €13bn deal to buy its smaller French rival last year after a bitter takeover battle, has been disposing of parts of Suez in a number of international markets to clear anti-trust concerns ... The deal, the last step in Veolia’s acquisition of Suez, follows ...
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Veolia to sell Suez UK waste business for £2bn after watchdog concerns

AOL 08 Aug 2022
Veolia agreed to buy smaller French competitor Suez in a 13 billion euro (£10.9 billion) deal last year. However, it has had to sell parts of Suez’s waste operations in numerous regions amid concerns over how the merger deal could impact on competition within the sector.
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As Macquarie is probed over National Grid deal, Australian investment bank splashes out £2bn on ...

The Daily Mail 08 Aug 2022
The Sydney-based firm, known as the 'Vampire Kangaroo' in the City, will snap up the UK business of recycling group Suez from French group Veolia in a deal worth £2billion. Veolia agreed to buy Suez, its archrival, for £11billion last year following a bitter takeover battle ... Vampire Kangaroo's £15bn deal for UKPN collapses ... Free fund dealing.
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Australian investment bank Macquarie splashes out £2bn on UK waste firm

This is Money 08 Aug 2022
The Sydney-based firm, known as the 'Vampire Kangaroo' in the City, will snap up the UK business of recycling group Suez from French group Veolia in a deal worth £2billion. Veolia agreed to buy Suez, its archrival, for £11billion last year following a bitter takeover battle.
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Xinhua: Egypt implements clear strategy for turning into regional hub for green energy production

Egypt Today 08 Aug 2022
BEIJING/CAIRO - 8 August 2022 ...  . Recently, Egypt has signed a series of deals with global companies for green hydrogen production in the Suez Canal Economic Zone, including India's ReNew Power, Norway's Scatec, Germany's H2-Industries, and Abu Dhabi Future Energy Company (Masdar).   ...   ...   ...   ...   ... .
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Adani Ports Q1 net profit drops 17% to Rs 1,091.56 crore

The Times of India 08 Aug 2022
NEW DELHI ... "We anticipate the deal to be 75 per cent debt financed, and APSEZ's equity contribution to be around Rs 1600 crore," it said, adding this deal marks APSEZ's entry into a developed market, in the busy Suez Canal, and will also help the company expand its footprint in Europe ... Start a Conversation. .
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Egypt's Suez Canal achieved unprecedented revenues worth $7 bln this year - SCA chief

Egypt Today 07 Aug 2022
Chairman of the Suez Canal Authority ... He also added that the Suez Canal will be turned into a massive economic axis that would provide ships with logistic services, pointing to the opening of a refueling line for ships soon and contracting with companies to deal with ship waste.
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What Adani's Haifa port purchase means for India-Israel ties

The New Arab 05 Aug 2022
Clinching the 4.1 billion shekels ($1.18 billion) deal, Adani holds 70% of the shares, while Gadot has a 30% stake ... It may also come at the expense of other states in the region, including Egypt and its prized Suez Canal. The Indian group had been pushing for the port deal for two years but with no success.
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Utility Veolia keeps 2022 financial goals as Suez deal bears fruits in H1

FX Empire 03 Aug 2022
... earnings and stuck to its 2022 goals for financial growth, as it continued to integrate businesses form its earlier takeover of rival Suez. “The integration of Suez’s activities since mid-January was very successful.
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Experts say Xi-Biden talks candid, in-depth, hope two countries play leading role

People Daily 02 Aug 2022
BEIJING, Aug. 1 (Xinhua) -- Chinese President Xi Jinping spoke with U.S ... relations and issues of mutual interest ... TIES ... Gamal Zahran, professor of political studies in the faculty of Commerce at Egypt's Suez Canal University, called on Washington to demonstrate more sincerity in dealing with global economic and political problems ... ONE-CHINA PRINCIPLE ... .

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