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May 17, 2021

Meridiam, GIP and the CDC Group (Caisse des Dépôts and CNP Assurances) announce the signing of an agreement in principle with Suez and Veolia to form the long-term shareholder of the new Suez

Meridiam, GIP and Caisse des Dépôts in partnership with CNP Assurances announce the signing of an agreement in principle with Suez and Veolia with a view to forming the shareholder base of the new Suez, following on from the agreement reached between Suez and Veolia on 11 April 2021.

Meridiam, GIP and the CDC Group confirm their association in a partnership of 40% for Meridiam, 40% for GIP and 20% for the CDC Group.  The shareholding of the new Suez, which will be balanced, complementary, long-term and predominantly French, will also be open to employees, with a target of 10% of the capital within seven years.
 
Meridiam, GIP and the CDC Group have also finalised the terms of a stable and efficient governance structure for the new Suez, in line with the provisions of the agreement of 11 April between Veolia and Suez.
 
Meridiam GIP and the CDC Group share the conviction that the new Suez, thanks to the quality of its management and the commitment of its employees throughout the world, will have robust growth capabilities in the environmental businesses to serve the ecological transition and the development of territories.
 
The implementation of this agreement is subject to the finalisation of discussions with the Suez and Veolia Groups, in dialogue with all stakeholders and with respect for the social body, as well as to the agreement of the various governance bodies of the entities concerned.
 

Copyright: https://unsplash.com/@vladhilitanu

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