Suez and Veolia in Hot Water
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I remember when Suez and Veolia were huge in Egypt in the 1990s. I used to work for a bank there and we got a lot of calls from customers asking, “Who are these guys? They don’t seem to understand my problem. Where can I find someone who can help me solve this?” Suez and Veolia, the two big water-pumping companies, were the two most popular water-service providers in Egypt back then. For years, they were the dominant players. And they seemed to have it all. They
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Suez, the world’s largest waste management company, is being pushed to its breaking point with French utility Veolia threatening to walk out of the deal they have signed for overhauling France’s municipal waste management system. The dispute stems from the need for a new deal with Veolia that would let them keep control over Veolia’s waste treatment subsidiary in Paris while Suez would have more say in managing the collection and transport of waste. Veolia is the largest privately-owned waste management company in Europe. Its current contract in France
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I’ve been using Veolia’s transport services for over five years now, and I’ve had the good fortune of working in some very interesting and challenging situations. In early 2018, however, my work on the Suez/Veolia merger began to suffer. I was responsible for overseeing one of Veolia’s most strategic assets, a rail company serving a heavily congested metro network in Paris. But things were about to get a whole lot more complicated. The Suez affair is not just about a particular railway
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Today I stumbled upon this article on Suez and Veolia’s financial struggles and my heart sank. My local waste management company, Veolia, was just acquired by Suez — who in turn is owned by the French state — for over $22 billion dollars. As someone who has dealt with Veolia’s services (since 2003), this move is more of the same: dumpster trucks and incinerators that make less and less sense. The article, headlined “Veolia’s ‘N