Meridiam, GIP, Caisse des Dépôts Group and CNP Assurances completed the acquisition of the new Suez from Veolia and Suez for €10.4bn.

A consortium of investors consisting of Meridiam, Global Infrastructure Partners, Caisse des Dépôts Group and CNP Assurances completed the acquisition of New Suez, which consists of all water and waste management activities of Suez in France including R&D activities, construction activities, Suez’s water activities in Italy, the Czech Republic, Poland, Africa, Central Asia, India, Bangladesh, Sri Lanka, Australia, New Zealand, Asia, from Veolia and Suez for €10.4bn. "This agreement represents a new step in the construction of the new SUEZ. Under the signed agreements, the company will benefit from expert and recognized employees and strategic positions at the forefront of the water and waste management sector in France and worldwide. But our ambition for this new SUEZ, with all our partners, does not stop there, it is clear and strong: to strengthen the presence and leadership of Suez in France and internationally, increase investment in innovative solutions, R&D, and key high-growth sectors, and remain best-in-class in terms of social and environmental impact and responsibility," Thierry Déau, Meridiam President and Founder.