ACM blocks acquisition of waste-management company AEB by rival company AVR* The Netherlands Authority for Consumers and Markets (ACM) blocks the acquisition of Amsterdam-based waste-management company Afval- en Energiebedrijf (AEB) by rival company Afvalverwerking Rijnmond (AVR). If the acquisition had gone through, too powerful a company would have emerged. That would have led to higher prices for the processing of household waste and low-level hazardous waste. Municipalities and waste collectors pass on such price increases to residents and customers, respectively. AVR is part of Hong Kong-based company Cheung Kong. AEB Holding N.V. is, at the moment, still owned by the municipality of Amsterdam. If they had merged, AVR and AEB together would have become by far the largest
The Dutch Competition Authority blocks the acquisition of a waste-management company by rival (AEB / AVR)
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