Veolia Environnement : PR - Veolia will oppose any sale of Suez strategic assets opposing its industrial plan
January 26, 2021 at 11:37 am EST
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Veolia - Suez Merger
Veolia will oppose any sale of Suez strategic assets opposing its industrial plan
Following announcements by Suez's management of new asset disposals in the coming weeks, while discussions with Veolia are but at a preliminary stage, Veolia wishes to remind the list of Suez assets it considers strategic: water activities of Suez in Spain, Chile, the United States, as well as waste activities in the United Kingdom and Australia. This list has been made public for several weeks.
Veolia considers that the sale of one of these assets would be expressly contrary to the friendly context in which Suez declared itself ready to open a dialogue and would be resolutely hostile to Veolia's industrial project, thus harming the corporate interests of both groups as well as the interests of all of Suez's shareholders, including Veolia.
Veolia will therefore oppose it by all legal means.
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Contacts
Veolia Group Media Relations
Analysts & Investors
Laurent Obadia - Sandrine Guendoul
Ronald Wasylec - Ariane de Lamaze
Tel.+ 33 1 85 57 42 16
Tel. + 33 1 85 57 84 76 / 84 80
sandrine.guendoul@veolia.com
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Veolia Environnement SA published this content on 26 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2021 16:37:08 UTC
Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (40.6%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (32.4%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (27%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (21.5%), Europe (41.9%), North America (7.4%), Asia (5.6%), Africa and the Middle East (4.9%), Pacific (4.3%), Latin America (4%) and other (10.4%).