Veolia: Difference between revisions
Update on CMA investigation |
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More recent acquisitions in 2016, both out of administration, included both [[Boomeco]] (a [[Wood Waste]] and [[Refuse Derived Fuel]] processor and producer in Avonmouth)<ref>https://www.veolia.co.uk/press-releases/veolia-acquires-boomeco-business</ref>, and [[Closed Loop Recycling Ltd]] (a [[Plastic]] bottles recycling company in Dagenham<ref>https://waste-management-world.com/a/veolia-acquires-closed-loops-plastic-recycling-assets-in-east-london</ref>). | More recent acquisitions in 2016, both out of administration, included both [[Boomeco]] (a [[Wood Waste]] and [[Refuse Derived Fuel]] processor and producer in Avonmouth)<ref>https://www.veolia.co.uk/press-releases/veolia-acquires-boomeco-business</ref>, and [[Closed Loop Recycling Ltd]] (a [[Plastic]] bottles recycling company in Dagenham<ref>https://waste-management-world.com/a/veolia-acquires-closed-loops-plastic-recycling-assets-in-east-london</ref>). | ||
In August 2020 Veolia launched a process to acquire/merge with [[Suez]] via the acquisition of the shares owned by [[Energie]] in Suez (representing 32% of the company for 3.4bn Euros)<ref>[https://www.letsrecycle.com/news/latest-news/suez-veolia-je-taime-moi-non-plus/ Letsrecycle Article]</ref>. This acquisition is being investigated by the UK's Competitions and Markets Authority (CMA) due to fears that the merger will result in less market competition due to the combined Veolia and Suez share of the current market <ref>https://www.letsrecycle.com/news/cma-expands-on-why-veolia-suez-merger-would-lessen-competition/</ref>. | In August 2020 Veolia launched a process to acquire/merge with [[Suez]] via the acquisition of the shares owned by [[Energie]] in Suez (representing 32% of the company for 3.4bn Euros)<ref>[https://www.letsrecycle.com/news/latest-news/suez-veolia-je-taime-moi-non-plus/ Letsrecycle Article]</ref>. This acquisition is being investigated by the UK's Competitions and Markets Authority (CMA) due to fears that the merger will result in less market competition due to the combined [[Veolia]] and [[Suez]] share of the current market <ref>https://www.letsrecycle.com/news/cma-expands-on-why-veolia-suez-merger-would-lessen-competition/</ref>. | ||
The relative position of the top 5 waste companies, by turnover, is as follows: | |||
{| class="wikitable" | {| class="wikitable" | ||
|- | |- | ||
! Company !! Turnover million GBP | ! Company !! Turnover (million GBP) Most Recently Reported !! Note On Source and Date for Most Recently Reported | ||
|- | |- | ||
| [[Veolia]] || 1, | | [[Veolia]] ||1,719 ||[[Veolia|Veolia Environmental Services (UK) Ltd]] only, as per financial year report ending December 2021<ref>Companies House: Veolia Environmental Services (UK)</ref> | ||
|- | |- | ||
| [[Biffa]]|| 1, | | [[Biffa]]|| 1,364 ||turnover shown net of landfill tax as per financial year report ending March 2022<ref>Companies House: Biffa Group Holdings (UK) Ltd</ref> | ||
|- | |- | ||
| [[ | | [[FCC]] || 795 ||as per proportion of Annual Report 2022 by the Group<ref>Companies House: FCC Environment (UK) Ltd reported £552m turnover year end December 2022</ref> | ||
|- | |- | ||
|[[ | | [[Suez]] || 765 ||as per accounts ending December 2022<ref>Companies House: Suez Recycling and Recovery UK Ltd</ref> | ||
|- | |- | ||
| [[ | |[[Viridor]] || 672 ||as per accounts published for year end March 2023<ref>Companies House: Viridor Ltd</ref> | ||
|} | |} | ||