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According to the Masons Water Yearbook 2004/5, Suez served 117.4 million people around the world. The company conducted a merger of equals with fellow utility company Gaz de France on 22 July 2008 to form GDF Suez [2] (called Engie since 2015). The water and waste assets of Suez were spun off into a separate publicly traded company, Suez ...
In October 2009, GDF Suez placed 6th in an A.T. Kearney/BusinessWeek ranking of the "World's Best Companies", the highest-placed European firm. [21] On August 10, 2010, the company announced a merger of its GDF SUEZ Energy International business unit, along with its operations within the United Kingdom and Turkey, with International Power.
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On 2 September 2007 the boards of directors of Gaz de France and Suez approved the new framework for the planned merger between the companies. The newly created company, GDF Suez, came into existence on 22 July 2008; the world's second-largest utility and a group of €74 billion of revenues. [13]
Formerly an operating division of Suez, the company was spun out as a stand-alone entity as part of the merger to form GDF Suez (now Engie) on 22 July 2008. [3] Engie remained the largest shareholder of the company with a 35% stake. [3] On the stock market, Suez Environnement's share jumped 40% in value on its first day. [4]
20 January 2011, GDF Suez, Iberdrola and RWE pulled out of the project, following ČEZ which had already left in 2010, citing "Economic and market-related uncertainties surrounding this project, related for the most part to the present financial crisis, are not reconcilable now with the capital requirements of a new nuclear power project". [7]
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