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Suez: the governance of the future group risks turning into a puzzle

2021-05-14T23:13:47.853Z

STORY - In agreement on the strategy to be followed, the shareholders will have to find a person to lead the future Suez.



Politicians know it well: governing without a majority is not easy.

Yet this is what the shareholders of the new Suez will have to do.

From April 11, it was clear that the roundtable of the remainder of Veolia's takeover bid for Suez would be a challenge in terms of governance.

The compromise reached between the councils of the two French giants was intended to respect the balance between the stakeholders, not to facilitate their management.

Read also:

How Veolia managed to get its hands on Suez

The two main shareholders of the new Suez, the French fund Meridiam and its American counterpart GIP, will each end up with 40% of the capital.

Proof of the French state's interest in the project, the CDC will take 20%.

Employees are expected to rise to 11% in the next 5-7 years, taking on the CDC stake.

It was easy for future shareholders to agree on the general strategy, largely dictated by the assets housed in the new Suez.

“A group with a very strong French base, in particular

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Source: lefigaro

All business articles on 2021-05-14

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