296 articles in France
Following a period of relative stagnation, the group has embarked on a fresh drive to grow its international presence. CEO Louis-Roch Burgard shares his strategy with GWI.
Veolia refreshes its approach to French water as profitability concerns hit home Vol 18, Issue 9 (September 2017)
It is no secret that the net profit in Veolia’s domestic water business has eroded away to almost nothing. The new CEO of Veolia Eau France is convinced that a redefinition of the way the group interacts with its core client base is the key to restoring margins.
The half-year results of the two largest private water groups show that while both suffered from a slowdown in construction activity, Veolia was more successful at attracting international business. Suez is already fighting back aggressively.
Shares in Dee Valley Water were delisted from the London Stock Exchange on 16 February in conjunction with the company’s £78.5 million takeover by Severn Trent.
- Suez has increased its stake in Italian multi-utility Acea to 23.3%, as the company prepares for the consolidation of the Italian market...more
- Suez Ventures has taken a 22% stake in biogas purification and recovery specialist Prodeval. The deal reflects the maturity of the investment unit...more
- Veolia North America has finally had a big win in the North American municipal contract ops market, after a four-year drought. It took the $110 million contract to run...more
Suez complements its biogas flowsheet with Prodeval equity investment Vol 17, Issue 10 (October 2016)
Having already collaborated on a number of commercial references, Suez has strengthened its relationship with biogas specialist Prodeval by taking a 22% equity stake. The deal leaves both companies free to explore commercial opportunities with competitors.
Suez Ventures’ latest investment showcases how far the platform has come since launching under the Blue Orange name back in 2010.
French biocide specialist Amoéba has raised €14.7 million of equity via a private placement, less than a year after floating on the Paris Euronext.
The cosy long-term agreements enjoyed by private water operators in France are a thing of the past, as municipal leaders become increasingly tech-savvy and cost-conscious. How has the resultant rethink changed the way the private operators do business?
At an investor day on 14 December, Veolia CEO Antoine Frérot announced a new three-year strategy for the company. It promises 10% annual dividend increases from 2016, paid for through continued pressure on costs and modest organic growth.