Veolia Welcomes Bpifrance and Its French Sovereign Wealth Fund Lac1 to Its Capital
VEOLIA ENVIRONNEMENT ADR (VEOEY)
NASDAQ:AMEX Investor Relations:
veolia.com/en/veolia-group/finance-area
Company Research
Source: Business Wire
PARIS--(BUSINESS WIRE)--Regulatory News:Bpifrance, the public investment bank, and its French sovereign wealth fund Lac1, which provides long-term support to listed French multinationals, have announced that they are acquiring a €800 million stake in Veolia (Paris:VIE), a global champion of ecological transformation, under a shareholder agreement. This transaction will be accompanied by the appointment of a representative of the Bpifrance to the Board of Directors, who will be proposed to the next General Meeting of Veolia shareholders. He will also become a member of the Accounts and Audit Committee and the Research, Innovation and Sustainable Development Committee.By acquiring this stake, the Lac1 fund and Bpifrance demonstrate their confidence in the Group's potential for profitable growth, its governance, its capacity for innovation and its unique positioning on the global and French markets, serving local communities as best as possible. This transaction will create sustainab
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