Macquarie Asset Management Inc. agreed to acquire Recycling and Waste Recovery UK from Suez SA for €2.4 billion on August 8, 2022. The transaction allows to effectively address the main concerns of the UK Competition and Markets Authority and this transaction remains subject to the approval of UK Competition and Markets Authority. As of October 27, 2022, Transaction is approved by European Commission. Barclays acted as financial advisor to Veolia. Vica Irani and Ben Larkin of Jones Day acted as legal advisor to Macquarie Asset Management. Macquarie Capital (Australia) Limited acted as financial advisor to Macquarie Asset Management Inc. Benjamin de Blegiers, Sue Palmer, Marine Jamain, Benjamin Saada, Toby Parkinson, Ivo Basoski and Shimin Lee of Clifford Chance LLP and Clifford Chance France acted as legal advisor to Suez SA. Cleary Gottlieb Steen & Hamilton LLP served as legal advisor to Suez SA.


Macquarie Asset Management Inc. completed the acquisition of Recycling and Waste Recovery UK from Suez SA on December 5, 2022.