energy fate merger with gaz de france successor gdf suez suez environnement founded 1997 defunct 22 july 2008 headquarters 8th arrondissement paris france key people g rard mestrallet chairman & ceo products water treatment electricity natural gas waste management website suez energy resources suez head office 16 rue de la ville l v que paris 8th arr . suez s.a. was a leading french based multinational corporation headquartered in the 8th arrondissement of paris 1 with operations primarily in water electricity and natural gas supply and waste management . suez was result of a 1997 merger between the compagnie de suez and lyonnaise des eaux a leading french water company . in the early 2000s suez also owned some media and telecommunications assets but has since divested these . 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 the water and waste assets of suez were spun off into a separate publicly traded company suez environnement . 2 contents 1 history 1.1 merger with gaz de france 2 major subsidiaries 2.1 now part of gdf suez 2.2 now part of suez environment 3 references 4 external links history edit suez was and remains through gdf suez one of the oldest continuously existing multinational corporations in the world with one line of corporate history dating back to the 1822 founding of the algemeene nederlandsche maatschappij ter begunstiging van de volksvlijt literally general dutch company for the favouring of industry by king william i of the netherlands see soci t g n rale de belgique . its form prior to the gdf merger was the result of nearly two centuries of reorganisation and corporate mergers . its most recent name comes from the involvement of one of its several founding entities the compagnie universelle du canal maritime de suez in building the suez canal in the mid 19th century . merger with gaz de france edit on february 25 2006 french prime minister dominique de villepin announced the merger of suez and gaz de france which would make the world s largest liquefied natural gas company . 3 the revenue of gdf was around 22.4 billion euros in 2005 compared to 41.5 billion for suez . the cgt trade union called the merger a disguised privatization . 4 on 3 september 2007 gaz de france and suez announced agreed terms of merger . the deal was conducted on the basis of an exchange of 21 gaz de france shares for 22 suez shares via the absorption of suez by gaz de france . the french state holds more than 35 % of shares of the merged company gdf suez . 5 as a consequence of the conditions posed by the european commission with regards to allowing the merger on 29 may 2008 suez sold its belgian gas supplier distrigas to the italian company eni for 2.7 billion . 6 on 22 july 2008 the group gdf suez a company of 74 billion of annual turnover was officially created . 2 major subsidiaries edit now part of gdf suez edit suez energy international energy electrabel electricity in europe first in belgium tractebel engineering international engineering consultancy cofely french building services facilities management now part of suez environment edit sita waste management suez environment water and waste degr mont water & wastewater treatment engineering united water water in the united states also adelaide australia grupo agbar water and waste purite ltd water purification company references edit disclaimer . suez . retrieved on 7 july 2010 . a b c patel tara 22 july 2008 . gdf suez shares fall in debut following merger . bloomberg . retrieved 2008 07 22 . http www.lemonde.fr web article 0 1 0 2 3234 36 745348 0.html subscription gdf suez petits arrangements avec la v rit . humanite.fr . archived from the original on 2006 06 24 . retrieved 2006 09 25 . suez gaz de france agree to new merger deal . rtt news . 2007 09 04 . retrieved 2007 09 04 . key moments in gdf suez combination . associated press . forbes . 16 july 2008 . retrieved 2008 07 22 . dead link external links edit wikimedia commons has media related to suez company . paris portal companies portal official website retrieved from https en.wikipedia.org w index.php title suez company & oldid 709582147 categories engiecompanies established in 1858companies disestablished in 2008natural gas companies of francepower companies of francewaste management companies of francesuez canalwater companies of france1858 establishments in franceprivatized companies of francehidden categories all articles with dead external linksarticles with dead external links from september 2010articles with french language external linkscommons category with local link different than on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent 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