Suez (company, 1997–2008)

Source: Wikipedia, the free encyclopedia.
This article is about the company established in 1997. For its predecessor, see
Suez Company (1858-1997). For the company renamed Suez in 2015, see Suez (company, 2015)
.
Suez S.A.
HeadquartersTour CB21, Paris, France
Key people
Jay Woods, CEO of the group
ProductsWater treatment, electricity, natural gas, waste management, Resource Recovery, Recycling
RevenueIncrease US$18.203 billion (2017)
Number of employees
~88,775 (2018)
WebsiteSUEZ global website

Suez S.A., known from 1997 to 2001 as Suez-Lyonnaise des eaux, was a leading

Suez Environnement.[2]

History

Suez was (and remains, through GDF Suez) one of the oldest continuously existing multinational corporations in the world, with one line of corporate history dating back to the 1822 founding of the Algemeene Nederlandsche Maatschappij ter begunstiging van de volksvlijt (literally: General Dutch Company for the favouring of industry) by King

Compagnie universelle du canal maritime de Suez – in building the Suez Canal
in the mid-19th century.

Merger with Gaz de France

On February 25, 2006, French Prime minister

CGT trade-union called the merger a "disguised privatization."[4]

On 3 September 2007, Gaz de France and Suez announced agreed terms of merger. The deal was conducted on the basis of an exchange of 21 Gaz de France shares for 22 Suez shares via the absorption of Suez by Gaz de France. The French state holds more than 35% of shares of the merged company, GDF Suez.

GDF Suez, a company of €74 billion of annual turnover, was officially created.[2]

Major subsidiaries

Now part of Engie

Now part of SUEZ

  • Sita
    — waste management
  • Suez Environnement
    — water and waste
  • Degrémont — water and wastewater treatment engineering
  • United Water — water in the United States, also Adelaide
    , Australia
  • Grupo Agbar — water and waste
  • Purite Ltd - water purification company
  • GE Water and Process Technologies-Ionics-Ecolochem-ZENON-Osmonics
  • Driplex Water Engineering Pvt. Ltd.
  • Driplex Water Engineering International Pvt. Ltd

References

  1. ^ "Disclaimer." Suez. Retrieved on 7 July 2010.
  2. ^ a b c Patel, Tara (22 July 2008). "GDF Suez Shares Fall in Debut Following Merger". Bloomberg. Retrieved 2008-07-22.
  3. ^ http://www.lemonde.fr/web/article/0,1-0@2-3234,36-745348,0.html (subscription)
  4. ^ "GDF-Suez petits arrangements avec la vérité". humanite.fr. Archived from the original on 2006-06-24. Retrieved 2006-09-25.
  5. ^ "Suez, Gaz De France Agree To New Merger Deal". RTT News. 2007-09-04. Archived from the original on 2008-03-30. Retrieved 2007-09-04.
  6. ^ "Key moments in GDF Suez combination". Forbes. Associated Press. 16 July 2008. Retrieved 2008-07-22. [dead link]

External links

Wikimedia Commons has media related to Suez company.
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