296 articles in France
Armed with a new business plan, the French water services provider has secured three binding offers for a comprehensive recapitalisation. Not all of them were born equal.
The French water operator has big plans to develop its international arm.
Three bidders have lined up to free Saur from Séché Environnement.
Suez Environnement shares suffered a big wobble on 14 February after the company reported full-year net income of €251 million.
If France is getting too tough for private water, operators should look east towards Romania.
CHART OF THE MONTH - Performance of Suez Environnement and Veolia Environnement Vol 14, Issue 2 (February 2013)
This month’s chart shows the share prices and net income of Suez Environnement and Veolia Environnement for the last few years
The troubled French group needs an urgent debt restructuring and a capital injection in order to revitalise its balance sheet for future growth. It will be a painful process.
Christopher Gasson sees a significant new direction for the water industry.
GdF Suez wants to dissolve the Suez Environnement shareholder pact next year.
A nail-biting month for the French giant culminated in a reassuring set of third-quarter results. Planned bond buybacks in Q4 will support the debt reduction strategy.