30 June 2021

Agreement on the creation of a “new Suez”

Caisse des Dépôts Groupe La Poste Energie et environnement

The Consortium of investors made of Meridiam and GIP, each with a 40% stake, and the Caisse des Dépôts Group with CNP Assurances, with a 20% stake (including 8% for CNP Assurances) submitted a binding final offer to Suez and Veolia to purchase the “new Suez” on 29 June 2021.

This offer has been approved by the Boards of Directors of Suez and Veolia on this day, with an agreement signed with the Consortium. The transaction remains subject to certain conditions, including approval from Suez shareholders and the receipt of required regulatory approvals.

 The new Suez will be a major player in environmental services with annual revenues of nearly €7bn and strong growth prospects and development capabilities both in France and internationally.

 

 

This agreement demonstrates that the Caisse des Dépôts Group is more than ever committed to supporting local and regional development. We fully intend to reaffirm our determination to build an agile, innovative group, led by top-notch teams. This investment complements CDC’s rich history of investing in energy networks. We will now fully play our part in water networks and waste management by accompanying the company's development with all its employees, over the long term and with respect for the environment.
Eric Lombard, Chief Executive Officer of the Caisse des Dépôts Group

Read the press release and know more