On 31 January 2022, the Consortium of shareholders made up of Meridiam, GIP and the Caisse des Dépôts Group finalized the acquisition of Suez, in line with the merger agreement between Suez and Veolia of14 May 2021 and the 29 June 2021 put option agreement.
Today marks the beginning of a new chapter for Suez. As shareholders, we will offer our full support to the 35,000 employees who make Suez such an incredible company, with the goal of achieving an ambitious and collective growth plan. With its customer first focus, this plan will develop the Group in its two historical water and waste businesses, both in France and internationally. In Sabrina Soussan, we have an experienced CEO who has worked in an international business environment. Sabrina has our full confidence and will be supported by the Group’s many strengths, not least the quality and commitment of the teams.
The Consortium of shareholders
A major player in environmental services in France and internationally, Suez shows a revenue of close to €7bn covering the Water and Recycling and Recovery France businesses, international assets in Italy, Central Europe, Africa (including Morocco), Central Asia, India, China, and Australia as well as global digital and environmental activities. Suez has a strong growth outlook and innovation capabilities, both in France and abroad.
The Caisse des Dépôts Group is now a shareholder in Suez with a 20% stake, including 8% for CNP Assurances.
Read the press release