Herrewyn’s new start on the Inside

The Veolia Global Enterprises boss is looking for an investor to help buy out some of the group’s loss-making EPC businesses. It is going to be tough.

Veolia Environnement is to spin off some of its loss-making EPC (engineering, procurement and construction) contracting businesses, according to an internal memorandum circulated before Christmas. Veolia Global Enterprises boss Jean-Michel Herrewyn is stepping down from his position to head up the project.

The spin-off company, to be known as Veolia Inside, would provisionally be 40%...

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