Long Way Ahead to Restructure Suez; Shares Rich
We reiterate our fair value estimate our EUR 11 per Suez share along with our no-moat, stable trend ratings after activist fund Amber Capital, which holds 1.9% of the capital, blamed the group for poor track record since the 2008 IPO and claims for strategic overhaul that we see challenging to execute. New CEO Bertrand Camus, appointed in May 2018, is expected to present a strategy update this fall. Shares appear overvalued.ÂOn July 18, Amber Capital shared its recommendations for a strategic o...
Suez is active in each stage of the water and waste cycles. Co. is organized around three main segments: Water Europe (water distribution and treatment services, particularly under concession contracts, to individuals, local authorities and industrial clients); Waste Europe (waste collection and treatment services for local authorities and industrial clients; these services include collection, sorting, recycling, composting, energy recovery and landfilling for both non-hazardous and hazardous waste) and International (water, waste and engineering services, with a special focus on risk-management resulting from specific local environments by setting up partnerships).
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