Focusing capital on activities corresponding to the selective growth strategy
Having announced the first wave of dis- posals in its asset rotation plan in 2020, the Group began 2021 with several strate- gic acquisitions in China, the USA and Spain.
2020 Disposal of OSIS (a company specialising in sanitation network and infrastructure maintenance in France), the stake in ESSAL in Chile and the SUEZ Recycling and Recovery activities in four continen- tal European countries.
2021 Acquisition of the minority stakes in SUEZ NWS and Suyu in Greater China, resulting in 100% ownership of SUEZ NWS and Suyu; acquisition of Itochu Group s 33.4% stake in Canaragua to hold all the capital; acquisition of the Heritage Hills Water Works Corporation and the Heritage Hills Sewage Works Corporation to expand the Group s activities in North America.
Creation of a joint venture with Schneider Electric with the aim of building a leader in digital water, developing and marketing a shared range of innovative digital solutions for water cycle management.
Supporting the growth of the hazardous waste treatment market
ITALY Creation of a joint venture with A2A Group to become a high-level player in hazardous waste treatment in Italy (the third-biggest market in Europe).
SAUDI ARABIA Completion of the process to acquire a majority stake in EDCO, a Saudi hazar- dous waste management company, alongside Five Capital and Itochu, to gain a presence in the fast-growing hazardous waste market in Saudi Arabia.
With the acquisition of the Heritage Hills Water and
Sewage Works Corporation in New York state, we are
contributing our expertise to guarantee compliance with
state and federal government water regulations on behalf of
local authorities.
Christophe Cros Group Executive VP North America Region, President of the WTS* BU
* Water Technologies & Solutions
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