(, ) 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 divesting these.
According to the ''Masons Water Yearbook'' 2004/5, SUEZ serves 117.4 million people around the world.
SUEZ is one of the oldest continuously existing multinational corporations in the world, with one line of corporate history dating back to the (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 .
On of GDF is about 22.4 billions euros in 2005, compared to 41.5 billions for Suez. The
CGT Trade-union called the merger a "disguised privatization."
1
On
3 September 2007 , Gaz de France and SUEZ announced agreed terms of merger. The merger would be 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 would hold more than 35% of shares of the merged company, GDF Suez.
2
SUEZ is secretly preparing with
Électricité De France (EDF) a take over Iberdrola, one of the the largest renewable energy operator in the world, according to the source close to the deal. The activities of Iberdrola would be divided between
Électricité De France and
SUEZ .
Current members of the ,
Antonio Brufau ,
René Carron ,
Gerhard Cromme ,
Étienne 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 .
