|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||122.08 - 126.75|
|52 Week Range||110.90 - 155.00|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||15.93|
|Forward Dividend & Yield||4.32 (3.52%)|
|Ex-Dividend Date||May 16, 2022|
|1y Target Est||N/A|
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”.
European shares logged their best day in nearly two weeks on Monday after clocking falls in the previous week when a strong U.S. jobs report rekindled bets of another aggressive rate hike by the Federal Reserve. Global stock markets were spooked on Friday after data showed a large increase in U.S. employment, denting hopes that the Fed might let up in its series of rate hikes aimed at taming surging inflation. "We see recession in Europe as likely even absent big rate hikes as broad economic stress from an energy crisis bite...The European Central Bank and markets underappreciate the risk of the energy crunch causing a recession, and the ECB will eventually accept this and rethink its rate path," wrote strategists at BlackRock in a note.
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), a deal aimed at resolving antitrust concerns. Earlier, Veolia said that it was proposing to sell off its former rival, Suez's UK waste business, after Britain's Competition and Markets Authority (CMA) raised objections to the Veolia/Suez combination. Veolia's shares rose around 3% in early trading, top performer on Paris' SBF-120 equity index.