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The acquisition of Suez by Veolia gives birth to a global giant of ecological transition

2022-01-17T17:24:13.486Z

DECRYPTION – The group led by Antoine Frérot officially takes control of the former Lyonnaise des Eaux on Tuesday. The company has big ambitions.



It is a page that turns for two historical actors of French capitalism.

This Tuesday, January 18, Veolia officially takes control of Suez.

If we go back in history, Générale des Eaux, created in 1853, therefore gets its hands on Lyonnaise des Eaux, founded in 1880. This takeover is the marshal's baton of Antoine Frérot, the CEO from Veolia.

The manager triggered the operation on August 30, 2020, announcing his intention to buy out Engie's stake in Suez and then launch a takeover bid on the balance of the capital.

From July 1, he will retain the presidency of the company, but will entrust the general management to Estelle Brachlianoff, until then deputy general manager.

Read also

Bertille Bayart: "Veolia-Suez: knowing how to end a war"

With this acquisition, Veolia changes dimension.

Not as far as its international rank is concerned: the group was already the world's leading player in environmental services.

But the company consolidates its position, increasing its turnover by more than 40%!

Change…

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Source: lefigaro

All business articles on 2022-01-17

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