Tag Archives: cronyism

Critics Warn $15 Billion Merger of Global Water Giants Would Create ‘Dangerous Corporate Monopoly’

“Veolia’s plan to dominate public water services all across the globe is becoming a terrifying reality.”

By Kenny Stancil, staff writer for Common Dreams. Published 4-12-2021

French-based transnational corporation Veolia agreed in principle to acquire Suez, its main rival, for $15.5 billion on Monday, setting the stage for the creation of a water and waste management juggernaut that critics warn would be a “dangerous corporate monopoly” destined to “hurt consumers and enrich shareholders.”

The Wall Street Journal characterized the deal between the two largest private water corporations in the world, which is not expected to be finalized until May 14, as a profit-seeking attempt to “soak up a global surge in infrastructure and climate-change spending.” Continue reading

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