FRENCH DIRECTIONS
- From: Vol 12, Issue 7 (July 2011)
- Category: Need to know
- Region: Asia
- Country: Australia
- Related Companies: Degrémont (Suez), Suez and Veolia Water
Suez Environnement is looking to beef up its involvement in project finance as growth from its traditional outsourced operations model tails off.
The group’s Degrémont subsidiary, which offers design, build and operations services, will increasingly be looking to add finance to the mix. It is an interesting reversal for the company, which more or less pulled out of project finance after losing its shirt (€700 million) in Argentina following the peso devaluation in 2000. The move makes Veolia’s opposition ...
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