Veolia approx. : Veolia employees have become the first shareholder of the utility giant

(BFM Bourse) – They now hold 6.5% of the capital of the world leader in collective services, after an employee shareholding operation.

Veolia employees have become, with 6.5% of the capital, the largest shareholder of Veolia, the group announced Thursday after an issue of some 14 million shares for 243 million euros invested.

The employee shareholding operation, reserved for 179,000 employees, was a “very great success”, according to a press release, with subscriptions from “more than 75,000 employees”. “Veolia employees now represent 6.5% of the company’s capital and thus become its largest shareholder,” explains Veolia.

3.3% of the capital of CAC 40 companies held by employees

At the end of 2020, 3.30% of the capital of CAC 40 companies was held by employees, according to the latest figures available from the French federation of associations of employee shareholders and former employees.

The new Suez group, born after Veolia’s takeover bid on its competitor with non-guarded activities, is aiming for 10% employee shareholding “within 5 to 7 years”, according to its commitments at the end of 2021.

Participation in the 2022 employee share ownership plan reached “the highest ever recorded” for such an operation at Suez, according to a press release on Wednesday, with “more than 140 million euros collected”.

(With AFP)

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