Veolia Environnement S.A. (ENXTPA:VIE) said it plans to dispose of UK waste operations in response to competition concerns raised by the UK regulator in relation to its EUR 12.9 billion ($13.4 billion) buyout of waste management firm Suez (EPA:SEV). The disposal of all of Suez's waste activities in the UK is expected to free up cash flow which can be used for new developments, in the energy sector in particular, while also accelerating Veolia's debt reduction, according to the statement.