Suez: Difference between revisions

Revision as of 16:36, 10 January 2023

Suez logo from Suez UK website

Part of the world-wide SUEZ group, Suez employ more than 5,000 people in the UK. Since 1988, they have been managing waste and water for local authority and business customers and operate from over 300 locations in the UK^[1].

History

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 Competition and Markets Authority had determined that the sale in the UK would be anti-competitive^[2] and as a result it was announced that Suez would buy back its waste and recycling business in the UK^[3] and in December 2022 Suez announced the completion of the acquisition from Veolia^[4].

In 2017/18 the relative position of the top 5 waste companies^[5], by turnover, was as follows:

Company	Turnover million GBP
Veolia	1,500
Biffa	1,077
Suez	798
Viridor	789
FCC	670

In December 2021 Suez issued their 'Triple Bottom Line' Report giving and overview of the business and its sustainability for 2020^[6].

Suez Entities Listed on WikiWaste

References

↑ https://www.suez.co.uk/en-gb/who-we-are/suez-in-the-uk
↑ gov.uk Press Release August 2022
↑ Letsrecycle Article September 2022
↑ 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.
↑ https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/
↑ file:///C:/Users/andyo/Downloads/SUEZ-SustainabilityReport-2020-web.pdf

[1] ttps://www.suez.co.uk/en-gb/who-we-are/suez-in-the-uk

[2] v.uk Press Release August 2022

[3] Letsrecycle Article September 2022

[4] ttps://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.

[5] ttps://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/

[6] :///C:/Users/andyo/Downloads/SUEZ-SustainabilityReport-2020-web.pdf

[1]

[2]

[3]

[4]

[5]

[6]

@@ 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 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>.
+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>.
 ==Suez Entities Listed on WikiWaste==