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Sovereign Wealth Funds Briefing - Categorized | Investment

Norway SWF to remain a financial investor in Veolia

Posted on 08 May 2014

Veolia’s first-quarter revenue slipped as Europe’s warm winter weighed on its energy services unit, but volumes in waste were up for the first time in many quarters and the firm confirmed its earnings guidance.
Antoine Frerot, CEO of the corporate denied a media report that Veolia was in talks with Norway’s sovereign wealth fund about doubling its 3 percent Veolia stake and taking a seat on the board. He said the fund is a financial investor and does not engage itself for the long term. “There are no talks with the fund about becoming a structural investor in Veolia,” he said. State-owned holding company Caisse des Depots (CDC), Veolia’s lead shareholder with an 8.85 percent stake, said last month it no longer saw the stake as strategic………………………………………..Full Article: Source


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