Veolia, Suez offer alternative asset sales to get EU nod -sources

Veolia, Suez offer alternative asset sales to get EU nod -sources ...

the company's second subsidiary, Suez, plans to make a move in the bid to gain European antitrust approval on Dec. 14 with the second company adding additional sales to address competition concerns, sources said.

The sources said that, as it is known, the new concessions that were given to the European Union this week, are limited in scope and do not undermine the logic of the merger of the two French rivals.

One of the sources said that once the green light is given, Veolia can complete the takeover bid for Suez.

Two groups announced their planned tie-up worth nearly 13 billion euros ($14,7 billion) last April after a long row, they have already announced they will split up the French water and waste sector and some international assets in a new group called "New Suez".

The sources said that the public offering to the European Union for several industries including Sanolia and Suez's existing infrastructure, further benefited from the sale of a small industrial water-treatment and mobile unit and in addition to services to the customers as well as Suez's industrial hazardous waste treatment assets.

The European Commission said two companies offered remedies in bid to obtain its approval without providing details and extended the deadline for its decision to Dec. 14 - The deadline for the decision to decide is Dec. 14 - The same day that the company closed its closing hearing on Thursday as a request to decide obama.

Veolia and the European Commission declined to comment on Friday.

(1 = 0, 8861 euros)

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