Bpifrance and its Lac1 fund invest €800 million in Veolia to strengthen the company's focus on sustainable development and enhance long-term growth potential.

Information on the Target

Bpifrance, the French public investment bank, and its long-term investment fund Lac1, which supports publicly traded multinational companies, have announced their strategic entry into the capital of Veolia. This involves an investment of €800 million within the framework of a shareholders' agreement. As part of this operation, a representative from Bpifrance will be nominated to Veolia's Board of Directors, set to be proposed at the company’s upcoming shareholders' meeting. This representative is expected to also serve on the audit committee and the research, innovation, and sustainable development committee.

Through this equity stake, the Lac1 fund and Bpifrance reaffirm their confidence in Veolia's profitable growth potential, governance quality, innovation capacity, and its unique market positioning in both the global and French contexts, closely aligned with various territories. This operation aims to create sustainable value that enhances resilience and competitiveness for both territories and industries in the face of climate change.

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