Ms Matsumura started working at Veolia’s global headquarters in Paris 18 years ago, the company says, and has worked across “all the core business lines”, including by looking to grow the business and lead recent acquisitions.
Prior to taking her new role, she was director for M&A and investments in the UK and Ireland, where she managed Veolia’s response to the Competition and Markets Authority (CMA) investigation into the waste management company’s acquisition of Suez in the UK.
Veolia completed its acquisition of all of Suez in January. While the deal was ratified in Europe, the CMA ruled that the deal would lessen competition in the UK. As such, Veolia must sell Suez’s UK waste and water businesses.
Veolia says Ms Matsumura also delivered “strategic divestment projects” in her previous role, including the sale of the company’s regulated water activities.
In a statement, Veolia told letsrecycle.com: “Elvire’s new role will include strategy, M&A pipeline and investment decisions, where her expertise and support will help to realise Veolia’s ambition of becoming the benchmark company for ecological transformation.”
Acquisition
Earlier this year, the CMA, the UK’s competition regulator, ruled that the merger between fellow French-owned companies Veolia and Suez would lessen competition in the UK (see letsrecycle.com story). The CMA ordered Veolia to sell Suez UK.
In August, Veolia announced it had agreed a deal to sell Suez’s UK waste activities to Australian asset management company Macquarie, which owns Beauparc, for £2 billion (see letsrecycle.com story).
However, the French-owned Suez brand, which includes French waste and water businesses divested when Veolia acquired much of the company’s global assets, has first refusal on its former waste activities in the UK and agreed a £2 billion deal of its own to buy them back in September (see letsrecycle.com story).
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