Certain recycling assets belonging to Suez have been sold by Veolia to a new Suez as part of the merger deal of the two companies.
The new Suez will be owned by a consortium including Meridiam, GIP, CDC Group and CNP Assurances.
This is in line with the purchase agreement of 22 October 2021 and includes the main remedies approved by the European Commission following the combination of Veolia and Suez.
With revenues of €7 billion (£5.84 billion) and 35,000 employees, the new Suez includes the French water, recycling and recovery activities of the old Suez in France. It also has its international assets in Italy, Central Europe, Africa including Morocco, Central Asia, India, China and Australia as well as global digital and environmental activities.
In the UK, the merger of Veolia and Suez is subject to an in-depth investigation by the Competition and Markets Authority.