Suez and Veolia signed “a definitive merger agreement”

Suez and Veolia have signed “a definitive merger agreement” – AFP

The two French water and waste giants Veolia and Suez announced that they had signed on Friday “a definitive merger agreement”, which will allow the former to acquire a large share of the latter “while ensuring a coherent industrial and social scope” for the remaining activities of Suez.

An agreement in principle has also been signed between the two groups and a consortium of investors made up of the Meridiam and GIP funds, as well as the Caisse des Dépôts (with its subsidiary CNP Assurance), which will buy this “new Suez”, indicates the press release.

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