(Reuters) – Veolia announced on Monday entry to its capital of Bpifrance, the public investment bank, and its French sovereign fund LAC1 up to 800 million euros, as part of a shareholder agreement.
This operation will be accompanied by the appointment of a Bpifrance representative to the Board of Directors of Veolia, the group said in a press release.
The appointment of Arnaud Caudoux, deputy director general of Bpifrance, to the position of member of the Committee of Accounts and Audit and the Research, Innovation and Sustainable Development Committee, will thus be presented to the General Assembly of Veolia on April 24, the group said in a separate statement.
“Bpifrance participations and the LAC1 Fund will gradually acquire securities on the market and intend to support the development of Veolia in the long term”, specifies Veolia.
The General Assembly of Veolia will also examine the appointments of Philippe Brassac, Director General of Crédit Agricole, and Elena Salgado, president of the Abertis Foundation, as independent administrators.
(Written by Etienne Breban, edited by Kate Entringer)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
