Suez

Not to be confused with Suez.

SUEZ (Euronext: [SZE], NYSE: [SZE]) is a leading French-based multinational corporation, with operations primarily in water, electricity and natural gas supply, and waste management. It is the result of a 1997 merger between the Compagnie de Suez and Lyonnaise des Eaux, a leading French water company. In the early 2000s SUEZ owned some media and telecoms assets, but was in the process of disposing these.

According to the industry bible Masons Water Yearbook 2004/5, SUEZ serves 117.4 million people around the world with water. On February 25, 2006, French Prime minister Dominique de Villepin announced the merge of Suez and Gaz de France, which would make the first world liquefied natural gas company[link]. The revenue of GDF is about 22.4 billions euros in 2005, compared to 41.5 billions for Suez. Henceforth, the state would automatically control only 34% of the capital of the new group, thus explaining, along with the risks of downsizing, the opposition of the CGT trade-union, pointing out a "disguised privatization" beneath the merger [link].

Contents

1 History
2 Corporate governance
3 Major subsidiaries
4 External links

History

SUEZ is 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 William I of the Netherlands (see Société Générale de Belgique). Its current form is the result of nearly two centuries of reorganisation and corporate mergers. Its current name comes from the involvement of one of its several founding entities - the Compagnie universelle du canal maritime de Suez - in building the Suez Canal in the mid-19th century. Beginning of 2006, Suez announced a merger with Gaz de France

Corporate governance

Current members of the board of directors of SUEZ are: Edmond Alphandery, Antonio Brufau, René Carron, Gerhard Cromme, Etienne Davignon, Paul Desmarais, Jr., Richard Goblet D'Alviella, Jacques Lagarde, Anne Lauvergeon, Gérard Mestrallet, Jean Peyrelevade, Thierry de Rudder, Jean-Jacques Salane, and Lord Simon of Highbury.

Major subsidiaries

SUEZ Energy International — energy
SUEZ Environment — water and waste
SITA — waste management
Degremont — Water & WasteWater treatment engineering
Electrabel — electricity in Europe (first in Belgium)
Distrigas — gas in Europe
ELIA — high tension electricity grid operator in Belgium (TSO)
Fluxys — high pressure gas grid operator in Belgium
United Water — water in the United States

External links

CAC 40 companies of France

BEL20 companies of Belgium
Agfa-Gevaert \| Barco \| Bekaert \| Belgacom \| Cofinimmo \| Colruyt \| Delhaize Group \| Dexia \| Fortis \| GBL \| InBev \| KBC Groep \| Mobistar \| NPM \| Omega Pharma \| Solvay \| Suez \| UCB \| Umicore

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