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Veolia-Suez Post-Transaction Organizational Chart Reveals Complex Holding Structure

Strategic Insights

— 1 min read

The New York State Department of Public Service has released an attachment, Case 21-W-____, detailing the post-transaction organizational charts for Veolia-Suez. The document outlines the company's complex holding structure, revealing a web of subsidiaries, joint ventures, and partnerships.

The attachment highlights the intricate relationships between Veolia-Suez's various entities, including its foreign holding company, Utility Operations Advanced Solutions, and its newly formed company, Other Businesses. SUEZ S.A., a French public company, serves as the target entity, while SUEZ GROUPE S.A.S. holds a 100% stake in SUEZ North America Inc. PGGM, a Dutch pension fund, owns 80% of SUEZ Water Inc., with the remaining 20% held by SUEZ Utility Holdings Inc.

Key Takeaways:

  • Veolia-Suez maintains a complex holding structure, with multiple subsidiaries, joint ventures, and partnerships across North America.
  • SUEZ S.A. is a French public company serving as the target entity, while SUEZ GROUPE S.A.S. holds a 100% stake in SUEZ North America Inc.
  • PGGM, a Dutch pension fund, owns 80% of SUEZ Water Inc., with the remaining 20% held by SUEZ Utility Holdings Inc.
  • The organizational charts highlight the post-transaction relationships between Veolia-Suez's various entities, including Utility Operations Advanced Solutions and Other Businesses.
  • SUEZ Sewer New York Inc. and Corwick Realty (NY) are also part of Veolia-Suez's holding structure.
  • The attachment reveals the intricate relationships between Veolia-Suez's entities, including SUEZ Water Management & Services Inc. and SUEZ Water Resources LLC.
  • Dundee Water (NJ) operates as a 50-50 joint venture between the New Jersey Drinking Water Supply Commission (NJDWSC) and SUEZ Water New Jersey Inc.

Statistics:

  • 100% of SUEZ North America Inc. is owned by SUEZ GROUPE S.A.S.
  • 80% of SUEZ Water Inc. is owned by PGGM, with the remaining 20% held by SUEZ Utility Holdings Inc.
  • SUEZ Utility Holdings Inc. serves as the managing member of SUEZ Water Resources LLC.
  • 50% of Dundee Water (NJ) is owned by the New Jersey Drinking Water Supply Commission (NJDWSC), with the remaining 50% owned by SUEZ Water New Jersey Inc.

Sources:

  • Case 21-W-____, Attachment E: Veolia Post-Transaction Organizational Charts
  • Veolia-Suez post transactions Organizational Chart Scenario 1 - Suez US Utility Division Pre-transaction Veolia Group (Including pre-transaction Veolia US subsidiaries)
  • Veolia-Suez post transactions Organizational Chart Scenario 2 - Suez US Utility Division Pre-transaction Veolia US Group

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