By Louis Goss French utility Suez SA has struck a €2bn (£1.75bn) deal with Veolia Environment to buy back the UK waste management business it agreed to sell off to its rival last January. Suez has scuppered Macquarie’s bid to buy the British unit after the Australian asset manager struck a deal to acquire the UK business for €2.4bn last month, after striking its own deal to snap up the waste management firm. Suez’ deal comes after Veolia first set out plans to sell off the UK unit last month, following an intervention from Britain’s competition watchdog over concerns the acquisition could lead…