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Text no.: 001 Issue RW24/2020 Publication date: 25.11.2020
Court of Appeals: Veolia’s purchase
of Engie's Suez stake remains on hold
(F) – Veolia's planned purchase of a major stake in competitor Suez remains on hold to allow Suez’s employees to be properly informed and consulted. Last week, the Paris Court of Appeal upheld the temporary injunction on the... more 
Text no.: 002 Issue RW24/2020 Publication date: 25.11.2020
French investment fund Ardian still
considering potential offer for Suez
(F) – The French investment fund Ardian continues to study the feasibility of a public takeover offer for the French environmental services group Suez. In so doing, it is working with the company’s board of directors and management... more
Text no.: 003 Issue RW24/2020 Publication date: 25.11.2020
Prezero gets green light
for Suez Nordic takeover
(EU) – The European Commission has decided not to oppose the acquisition of the Swedish waste management company Suez Nordic AB by Prezero International GmbH. The overlaps between the activities of the two companies are negligible, the EU... more
Text no.: 004 Issue RW24/2020 Publication date: 25.11.2020
Veolia CEO: Chinese firm expressed interest in Suez
(F) – Antoine Frérot, CEO of French environmental group Veolia, appeared before two French Senate committees on 10 November to take questions about his company’s planned takeover of its rival Suez. Mr Frérot portrayed... more
Text no.: 005 Issue RW24/2020 Publication date: 25.11.2020
Renewi highlights its "resilience" in Covid-19
pandemic in first half earnings report
(NL, UK) – The Anglo-Dutch waste management company Renewi reported "resilient" results for its financial first half which ended on 30 September. At €821m, underlying revenue was off by just 3 per cent, demonstrating the... more
Text no.: 006 Issue RW24/2020 Publication date: 25.11.2020
Covanta names new CEO, announces review
(USA) – The US waste to energy (wte) company Covanta has named a new CEO and launched "a comprehensive strategic review" of its operations, its growth priorities and its capital structure. At the end of last month, the concern... more
Text no.: 007 Issue RW24/2020 Publication date: 25.11.2020
Geminor exports Polish
RDF to Scandinavia
(N) – The Norwegian waste and raw materials logistics company Geminor is now also exporting refuse-derived fuel (RDF) from Poland to Scandinavia. The company announced this week that a cargo of 3,000 tonnes of baled and wrapped Polish RDF... more
Text no.: 008 Issue RW24/2020 Publication date: 25.11.2020
Babcock & Wilcox narrows losses
and secures $26m in loss recovery
(USA) – In its first financial statement using its new divisional structure, the US energy technology company Babcock & Wilcox (B&W) reported a significant improvement in its third quarter results. According to CEO Kenneth Young,... more
Text no.: 009 Issue RW24/2020 Publication date: 25.11.2020
Green light for Twence manure biogas plant
(NL) – The Dutch waste management company Twence has been granted permission from the Council of State (Raad van State) for the manure processing plant it plans to build at in Zenderen, in the region Overijssel. According to Twence, the... more
Text no.: 010 Issue RW24/2020 Publication date: 25.11.2020
Company News: Mars to use chemically recycled PS in packaging
The US food manufacturer Mars is planning to use recycled propylene from chemical recycling processes in its plastic packaging for pet food. The group is partnering with the packaging supplier Huhtamaki and petrochemical group... more
