EU Hands Over Water to Corporations

[efoods]French water distribution firm Lyonnaise des Eaux, a unit of GDF Suez (GSZ.PA) won permission from the European Commission on Wednesday to acquire six firms active in water collection, treatment and supply in France.

Lyonnaise des Eaux (LDE) is to buy shares held by Veolia Eau-Compagnie Générale des Eaux (Veolia Eau) in six subsidiaries owned jointly with Veolia Eau (VIE.PA).

The executive arm of the 27-nation European Union said in a statement that its investigation had revealed the proposed deal would not harm competition in the markets concerned.

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