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Suez recovers its hazardous waste activity


Brussels forced Veolia to sell these assets acquired at the start of the year as part of its takeover bid on its rival.

Sabrina Soussan, general manager of the "new Suez" formed after the Homeric battle between Veolia and the old Suez, is starting to make her mark.

On Friday, the company announced an agreement to buy hazardous waste assets in France from Veolia for

“an enterprise value of 690 million euros”

, according to the press release from the two companies.

“We are lucky to have investors who want to invest

,” rejoices Sabrina Soussan.

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Veolia owns almost all of the capital of Suez

These assets were to be sold.

In December 2021, the European Commission authorized the takeover of Suez by Veolia subject to conditions.

The first related to the sale of Suez's water and waste management activities in France to a consortium formed by the investment funds Meridiam and GIP, associated with the Caisse des dépôts et consignation (CDC), thus constituting the new Suez.

Veolia had made this proposal.

But the Commission had also forced the group chaired by Antoine Frérot to give in on the one hand...

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Source: lefigaro

All business articles on 2022-05-06

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Business 2022-05-06T19:28:55.261Z

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