Suez: Difference between revisions

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Suez have grown in the UK since 1988, previous under the name [[Sita]].

In August 2020 [[Veolia]] launched a process to acquire/merge with Suez via the acquisition of the shares owned by Energie in Suez (representing 32% of the company for 3.4bn Euros). By September 2022 the [[wikipedia:Competition and Markets Authority|Competition and Markets Authority]] had determined that the sale in the UK would be anti-competitive<ref>[https://www.gov.uk/government/news/cma-unwinds-veolia-suez-merger-in-the-uk#:~:text=The%20Competition%20and%20Markets%20Authority,European%20mobile%20water%20services%20business. gov.uk Press Release August 2022]</ref> and as a result it was announced that Suez would buy back its waste and recycling business in the UK<ref>[https://www.letsrecycle.com/news/french-security-agency-to-vet-suez-uk-sale/ Letsrecycle Article September 2022]</ref>.

In August 2020 [[Veolia]] launched a process to acquire/merge with Suez via the acquisition of the shares owned by Energie in Suez (representing 32% of the company for 3.4bn Euros). By September 2022 the [[wikipedia:Competition and Markets Authority|Competition and Markets Authority]] had determined that the sale in the UK would be anti-competitive<ref>[https://www.gov.uk/government/news/cma-unwinds-veolia-suez-merger-in-the-uk#:~:text=The%20Competition%20and%20Markets%20Authority,European%20mobile%20water%20services%20business. gov.uk Press Release August 2022]</ref> and as a result it was announced that Suez would buy back its waste and recycling business in the UK<ref>[https://www.letsrecycle.com/news/french-security-agency-to-vet-suez-uk-sale/ Letsrecycle Article September 2022]</ref> and in December 2022 Suez announced the completion of the acquisition from [[Veolia]]<ref>https://www.suez.com/en/news/press-releases/suez-reintegrates-major-uk-waste-business-after-acquiring-it-back-from-veolia#:~:text=SUEZ%20announces%20that%20it%20has,is%20now%20back%20with%20SUEZ.</ref>.

In 2017/18 the relative position of the top 5 waste companies<ref>https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/</ref>, by turnover, was as follows:

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In December 2021 Suez issued their 'Triple Bottom Line' Report giving and overview of the business and its sustainability for 2020<ref>file:///C:/Users/andyo/Downloads/SUEZ-SustainabilityReport-2020-web.pdf</ref>.

In December 2021 Suez issued their 'Triple Bottom Line' Report giving and overview of the business and its sustainability for 2020<ref>file:///C:/Users/andyo/Downloads/SUEZ-SustainabilityReport-2020-web.pdf</ref>. In September 2022 an investor presentation set out the turnover of the UK waste business as around £900m, and enterprise value of £2bn, 11m tonnes of waste managed a year and 6,000 staff<ref>https://www.suez.com/-/media/suez-global/files/publication-docs/pdf-francais/finance/suez_investors_presentation_26-10-2022.pdf?open=true</ref>.

==Suez Entities Listed on WikiWaste==

* [[SITA Suffolk Ltd]] for the [[Residual Waste EFW]] facility [[Great Blakenham EfW]]

@@ Line 7: / Line 7: @@
 Suez have grown in the UK since 1988, previous under the name [[Sita]].
-In August 2020 [[Veolia]] launched a process to acquire/merge with Suez via the acquisition of the shares owned by Energie in Suez (representing 32% of the company for 3.4bn Euros). By September 2022 the [[wikipedia:Competition and Markets Authority|Competition and Markets Authority]] had determined that the sale in the UK would be anti-competitive<ref>[https://www.gov.uk/government/news/cma-unwinds-veolia-suez-merger-in-the-uk#:~:text=The%20Competition%20and%20Markets%20Authority,European%20mobile%20water%20services%20business. gov.uk Press Release August 2022]</ref> and as a result it was announced that Suez would buy back its waste and recycling business in the UK<ref>[https://www.letsrecycle.com/news/french-security-agency-to-vet-suez-uk-sale/ Letsrecycle Article September 2022]</ref>.
+In August 2020 [[Veolia]] launched a process to acquire/merge with Suez via the acquisition of the shares owned by Energie in Suez (representing 32% of the company for 3.4bn Euros). By September 2022 the [[wikipedia:Competition and Markets Authority|Competition and Markets Authority]] had determined that the sale in the UK would be anti-competitive<ref>[https://www.gov.uk/government/news/cma-unwinds-veolia-suez-merger-in-the-uk#:~:text=The%20Competition%20and%20Markets%20Authority,European%20mobile%20water%20services%20business. gov.uk Press Release August 2022]</ref> and as a result it was announced that Suez would buy back its waste and recycling business in the UK<ref>[https://www.letsrecycle.com/news/french-security-agency-to-vet-suez-uk-sale/ Letsrecycle Article September 2022]</ref> and in December 2022 Suez announced the completion of the acquisition from [[Veolia]]<ref>https://www.suez.com/en/news/press-releases/suez-reintegrates-major-uk-waste-business-after-acquiring-it-back-from-veolia#:~:text=SUEZ%20announces%20that%20it%20has,is%20now%20back%20with%20SUEZ.</ref>.
 In 2017/18 the relative position of the top 5 waste companies<ref>https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/</ref>, by turnover, was as follows:
@@ Line 25: / Line 25: @@
 |}
-In December 2021 Suez issued their 'Triple Bottom Line' Report giving and overview of the business and its sustainability for 2020<ref>file:///C:/Users/andyo/Downloads/SUEZ-SustainabilityReport-2020-web.pdf</ref>.
+In December 2021 Suez issued their 'Triple Bottom Line' Report giving and overview of the business and its sustainability for 2020<ref>file:///C:/Users/andyo/Downloads/SUEZ-SustainabilityReport-2020-web.pdf</ref>. In September 2022 an investor presentation set out the turnover of the UK waste business as around £900m, and enterprise value of £2bn, 11m tonnes of waste managed a year and 6,000 staff<ref>https://www.suez.com/-/media/suez-global/files/publication-docs/pdf-francais/finance/suez_investors_presentation_26-10-2022.pdf?open=true</ref>.
 ==Suez Entities Listed on WikiWaste==
 * [[SITA Suffolk Ltd]]  for the [[Residual Waste EFW]] facility [[Great Blakenham EfW]]